🚨NEW: Yield update: Banks may have won this round on stablecoin yield. The latest draft (page 189) says companies cannot pay interest just for holding balances. You can earn rewards, but only if they’re tied to opening an account or activity like making transactions, staking, providing liquidity, putting up collateral, or participating in network governance. Senators now have 48 hours to make amendments to this text so unclear if these provisions will stay the same for Thursday.

I got audited for 2022 taxes and the IRS told me I owed like 17,000 in taxes. I didn't owe them anything. I sent every piece of evidence and written explanations of every dollar. The rejected my response, charged more interest and said I owed them 19k now. Even though it took them 11 months to respond. Had to get a CPA to send a response saying the same thing I said. Cost me $2k for that. Just got a letter which basically says, ahh.. nevermind.. we are closing the audit. Very happy I don't have to pay off the US government to get them to leave me alone. Not very happy I can't bill them the $2k and about 4 fulls days of my own labor that I had to spend to tell them they are incompetent.