Online reports reported that French Hill, chairman of the U.S. House Financial Services Committee, rejected a proposal to allow stablecoins to pay interest, despite Coinbase CEO Brian Armstrong's public call yesterday to support the policy. As the main promoter of stablecoin regulation, Hill told reporters today: "Although I understand this view, there is no bipartisan consensus in Congress on the payment of interest to holders of dollar-backed payments stablecoins." When the Republican congressman was previously appointed chairman of the Financial Services Committee, the crypto industry viewed it as a major victory. Given that Armstrong only publicly issued the call yesterday, it is remarkable that Hill rejected his vision for a stablecoin so quickly. Clearly, Armstrong's political influence has been growing, he played a prominent role at Trump's cryptocurrency summit, and the U.S. SEC has dropped its lawsuit against Coinbase. This is an important fact that the U.S. cryptocurrency industry needs to realize: No matter how fast its influence grows, it is still a new thing for most people.