#WCTCTradingKingPK

Congress could be just 3 weeks away from passing the Crypto Market Structure Bill.

The CLARITY Act has been stuck in the Senate for months because of one specific fight, whether crypto companies should be allowed to pay yield on stablecoins.

Banks were furious about this because if you can earn yield on your USDC sitting on Coinbase, why would you keep money in a bank?

Banks argued this would drain deposits away from them and reduce money available for consumer loans and small business lending by as much as 20%.

Senators Tillis and Alsobrooks just published the final compromise text that breaks this deadlock. Crypto companies cannot pay passive yield just for holding stablecoins. But they can offer rewards tied to real activity on their platforms, transactions, network participation, actual usage.

Senator Bernie Moreno expects the bill done by end of May. The Senate Banking Committee is expected to schedule a markup as soon as the week of May 11.

Banks issued a statement saying the compromise "falls short" and promised to increase their opposition in the coming days.

But for the first time since this bill was introduced, the single biggest roadblock blocking the most important crypto legislation ever written in the United States just got resolved.

Clear rules mean institutional money sitting on the sidelines can finally enter the market. The stablecoin market is already settling trillions in transactions with zero legal framework.

That is about to change.