Negotiations on the U.S. crypto legislation enter a critical week as the Senate Banking Committee plans to vote by the end of this month.

Foresight News reported, according to The Block, that as US lawmakers return to Capitol Hill next week, negotiations over how to handle “stablecoin rewards” are intensifying. The Senate Banking Committee plans to hold a vote on the crypto market structure bill by the end of this month, and the issue of stablecoin rewards has been the main obstacle preventing the bill’s advancement in the committee over the past year.

The GENIUS stablecoin bill, passed last July, prohibits issuers from paying interest directly to holders, but does not restrict third-party platforms from offering rewards. A recent report by White House economists indicates that stablecoin rewards are unlikely to have a significant impact on bank lending. Treasury Secretary Scott Bessent has published an article in The Wall Street Journal urging the Senate to swiftly pass the bill. Senator Cynthia Lummis stated that this is the last chance to pass the Clarity Act before 2030.