Stablecoin compromise boosts legislative expectations, crypto bill progress warms up

Odaily Planet Daily News After the US Senate reached a compromise on stablecoin yield issues, expectations for the advancement of the crypto market structure bill have significantly improved. Industry insiders stated that this progress has “markedly boosted market sentiment,” and the Senate Banking Committee may advance discussions and voting as early as next week.

Previously, the probability of the bill's passage was only about 20%–30%, but expectations have now risen to around 60%. However, ethical issues related to Donald Trump and his crypto business ties remain 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.