GENIUS Act stablecoin

Congress is redrawing the rules on stablecoin yield — and the distinction between passive interest and activity-based rewards will force DeFi protocols, issuers, and wallet apps to rebuild from the ground up. The Tillis-Alsobrooks Senate compromise keeps the GENIUS Act’s yield ban intact but carves out a narrow path for rewards tied to payments and transfers. Here’s exactly what changes, which chains win, and what to watch before the committee markup vote.