PANews reported on January 21 that Galaxy Digital CEO Mike Novogratz pointed out that the stablecoin yield mechanism in the U.S. Crypto Market Structure Act has become a focal point of controversy. Traditional banks are unwilling to allow crypto platforms to offer rewards to users, and this political interference may ultimately cause the bill to stall. He criticized banks and bipartisan lawmakers who support their position, arguing that they will harm the interests of American consumers, and called for "rational voices to prevail." The bill originally aimed to clarify regulatory boundaries and give platforms legal operating space, but it is currently facing legislative difficulties due to disputes over the yield terms.


