Eleanor Terrett: The issue of stablecoin yields remains a key point in the Crypto Market Structure Act, with Senator Tillis's stance becoming a focal point

ChainCatcher reports that the progress of the U.S. cryptocurrency market structure bill mainly depends on Senator Thom Tillis’s stance. The White House has submitted the legislative text to Tillis’s office, and recent meetings between the two sides are described as “moving in the right direction.” Digital Chamber CEO Cody Carbone expressed optimism about reaching a consensus on stablecoin yields.

Even if Democrats do not vote in favor, the bill could still pass the Banking Committee along party lines, but Tillis’s vote is crucial. Industry insiders say that the stablecoin yield issue has dominated much of the discussion, leading to other topics like decentralized finance being sidelined. A crypto trade executive remains “cautiously optimistic” about the Banking Committee rescheduling its review at the end of March.