Stablecoin compromise boosts legislative expectations, crypto bill advances gain momentum

Odaily Planet Daily reported that after the US Senate reached a compromise on the issue of stablecoin yields, expectations for the advancement of the crypto market structure bill have significantly improved. Industry insiders stated that this progress "significantly boosted market sentiment," and the Senate Banking Committee may advance deliberations and votes as early as next week.

Previously, the bill's probability of passage was only about 20%–30%, but the current expectation has risen to approximately 60%. However, ethical issues surrounding Donald Trump and his crypto-related business ties are still regarded as the ultimate key obstacle.

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