U.S. Senate Compromise Boosts Crypto Market Structure Bill Prospects

The U.S. Senate has reached a compromise on stablecoin yield issues, leading to improved expectations for the advancement of the crypto market structure bill. According to ChainCatcher, industry experts have noted that this development has significantly boosted market sentiment. The Senate Banking Committee may proceed with discussions and voting next week. Previously, the probability of the bill passing was estimated at only 20%–30%, but expectations have now risen to approximately 60%. However, ethical concerns related to U.S. President Donald Trump and his connections to crypto businesses remain a critical obstacle. The bill aims to establish a comprehensive regulatory framework at the federal level for the first time, delineating the regulatory responsibilities between the SEC and the CFTC.