Stablecoin compromise boosts legislative expectations, prompting a rebound in cryptocurrency bill progress

Odaily reports that after the US Senate reached a compromise on stablecoin yield issues, expectations for advancement of the crypto market structure bill have clearly improved. Industry insiders say this progress has “significantly boosted market sentiment,” and the Senate Banking Committee may move forward with review and voting as early as next week.

Previously, the probability of passing the bill was only about 20%–30%, but expectations have now risen to about 60%. However, ethical concerns related to Donald Trump and his connections to crypto businesses are still regarded as the final key obstacle.

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