Banks, Warren Align on Crypto Bill Ahead of Senate Vote

A high-stakes fight over a landmark crypto-regulation bill is reshaping Senate alliances: Wall Street banks back a Tillis–Alsobrooks compromise to curb crypto-yield rewards and stem potential deposits flight, while Elizabeth Warren and progressive Democrats push for tougher stablecoin restrictions. With most Republicans reluctant to concede, the banking lobby is pushing for more changes as the bill advances through the Senate Banking Committee, signaling a rare convergence between Warren and banks against some GOP allies and crypto interests.