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Key senators and the White House have reached a tentative agreement on cryptocurrency legislation aimed at resolving a dispute between banks and digital asset firms over stablecoin yields, according to Politico reporting<\/a>.<\/p>\n The move could clear the way for a landmark crypto regulatory bill stalled in the Senate Banking Committee since January.<\/p>\n Sen. Thom Tillis (R-N.C.) and Sen. Angela Alsobrooks (D-Md.) said Friday they have an \u201cagreement in principle\u201d on language intended to balance innovation with financial stability. The legislation seeks to prevent stablecoin rewards programs from triggering widespread deposit withdrawals from traditional banks, a concern raised by Wall Street groups.<\/p>\n \u201cThe agreement allows us to protect innovation while giving us the opportunity to prevent widespread deposit flight,\u201d Alsobrooks said. Tillis described the deal as a positive step but noted the need to consult with industry stakeholders before finalizing details.<\/p>\n While specifics of the agreement remain unclear, early indications suggest it could bar yield payments on passive stablecoin balances. The tentative deal signals progress toward an April vote on the crypto market-structure bill, potentially unlocking the first major federal regulatory framework for digital assets.<\/p>\n The fight over a U.S. crypto market\u2011structure bill stems from a broader effort to build on 2025\u2019s landmark stablecoin legislation, the GENIUS Act, which established a federal framework for stablecoins \u2014 requiring full backing, transparency and reserve disclosures for digital dollars.\u00a0<\/p>\n That law was widely seen in the crypto industry as a breakthrough for regulatory clarity while attempting to align digital assets with traditional financial standards.<\/p>\n After the GENIUS Act\u2019s passage, the Senate turned its attention to more expansive digital asset oversight through what\u2019s often referred to as the CLARITY Act or the crypto market\u2011structure bill.\u00a0<\/p>\n This legislation aims to define how<\/a> U.S. regulators would police and oversee trading platforms, tokens, custody services and other infrastructure \u2014 essentially the backbone of a regulated digital asset ecosystem.<\/p>\nCrypto legislation background\u00a0<\/h2>\n