Stablecoin compromise boosts legislative expectations, crypto bill advancement warms up

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Odaily Planet Daily News: After reaching a compromise on the issue of stablecoin yields in the U.S. Senate, expectations for the advancement of the crypto market structure bill have significantly improved. Industry insiders say this development “substantially boosts market sentiment,” and the Senate Banking Committee may move forward with review and voting as early as next week.

Previously, the bill’s passage probability was only about 20%–30%, but it is now expected to have increased to around 60%. However, ethical issues related to Donald Trump and his crypto business connections are still seen as the final key obstacle.

The bill aims to establish a comprehensive regulatory framework at the federal level for the first time and delineate regulatory authority between the SEC and CFTC.

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