Stablecoin Compromise Boosts Legislative Expectations, Crypto Bill Momentum Heats Up

Odaily reported that after the U.S. Senate reached a compromise on stablecoin yield issues, expectations for advancing the crypto market structure bill have noticeably improved. Industry insiders stated that this progress "significantly boosted market sentiment," and the Senate Banking Committee may advance deliberation and voting as early as next week.

Previously, the probability of the bill passing was only around 20%–30%, but expectations have now risen to approximately 60%. However, ethical issues surrounding Donald Trump and his crypto-related business ties are still seen as a key final obstacle.

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