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Event Brief

What is in the U.S. Senate’s landmark crypto bill?

The bill would bar third parties from paying interest on stablecoins, which crypto firms call anti-competitive.
WHO: Crypto companies; the U.S. Senate
WHAT: Proposed ban on third parties paying interest on stablecoins
WHEN: May 12, 2026 at 11:58 PM ET
WHERE: USA
WHY: Crypto companies say the stablecoin interest restriction would be anti-competitive.

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