Cryptocurrency industry leaders are divided on a new U.S. legislative draft that would prohibit companies from paying yield on passive stablecoin accounts while allowing activity-based rewards. The draft, which emerged after negotiations between the White House and the Senate Banking Committee, has sparked heated debate across the industry and markets, with Circle's stock price falling 20% and Coinbase's stock price declining 10%. Meanwhile, the House Financial Services Committee held a hearing on the role of tokenization in capital markets.

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