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Deep Tide TechFlow News: On April 2nd, crypto journalist Eleanor Terrett posted on X that a small number of banks and crypto industry executives will review the new stablecoin yield agreement text over the next two days, aiming to resolve the lobbying disputes over stablecoin yields in the previous CLARITY Act as soon as possible. It is reported that the relevant text will be limited to specific participants for review and will not be publicly disclosed more broadly. Those who visited Capitol Hill last week can review the text on-site but are not allowed to carry copies.
Coinbase Chief Legal Officer Paul Grewal previously told Fox Business that the upcoming CLARITY Act's debate over stablecoin yields is "very close" to reaching an agreement.