Negotiations on the U.S. cryptocurrency legislation enter a critical week, with the Senate Banking Committee planning to vote before the end of this month.

ME News Report, April 12 (UTC+8), as U.S. Congress members return to Capitol Hill next week, negotiations over the handling of “stablecoin rewards” are becoming increasingly intense. The Senate Banking Committee plans to vote on the Crypto Market Structure Act by the end of this month, with the treatment of stablecoin rewards being the main obstacle that has hindered the bill’s progress in the committee over the past year. The GENIUS Stablecoin Act, passed in July last year, prohibits issuers from directly paying interest to holders but does not restrict third-party platforms from offering rewards. A recent report published by White House economists indicates that stablecoin rewards are unlikely to have a significant impact on bank lending. Treasury Secretary Scott Bessent has published an article in The Wall Street Journal urging the Senate to pass the bill as soon as possible. Senator Cynthia Lummis stated that this is the last chance to pass the Clarity Act before 2030. (Source: Foresight News)