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Senate Stablecoin Compromise Lifts Crypto Market Structure Bill Expectations to 60%
After the U.S. Senate reached a compromise on stablecoin yield issues, expectations for advancing the crypto market structure bill rose to about 60% from 20%–30%. Industry insiders said the progress significantly boosted market sentiment, and the Senate Banking Committee may move to deliberation and a vote as early as next week. Ethical issues around Donald Trump’s crypto-related business ties remain a key final obstacle.