Rep. French Hill shuts down Brian Armstrong’s stablecoin yield push in Congress

US Representative French Hill blocked Brian Armstrong’s push for interest-paying stablecoins on Tuesday, shutting down any chance of Congress allowing users to earn yield on crypto like USDC, according to a report from Decrypt. Hill, who chairs the House Financial Services Subcommittee, said the bills moving through both chambers were never meant to let stablecoins […] source: https://www.cryptopolitan.com/hill-kills-stablecoin-yield-push-in-congress/