A source told The Block that the latest text reflects previous language that bans rewards on idle stablecoin holdings.
White House advisor Patrick Witt also recently pushed back against JPMorgan CEO Jamie Dimon’s comments on the topic.
Strategy raised STRC’s monthly dividend to 11.5%, part of a mechanism designed to keep the preferred shares trading near their $100 par value.
Coinbase CEO Brian Armstrong said the White House told him to go figure out a deal with the banks, or risk losing its support on the bill.