Crypto Structure Bill Progress: ‘99%’ Settlement Reached In Stablecoin Yield Talks
Republican senators expressed cautious optimism after intensive negotiations on the stalled crypto market-structure bill, particularly regarding stablecoin rewards. Pro-crypto Senator Cynthia Lummis noted a breakthrough during closed-door discussions, stating that "some major light bulbs were switched on" regarding a viable path forward.
Senate staff confirmed that negotiators are 99% aligned on stablecoin yield provisions, with digital asset language also nearing resolution. Lummis emphasized the meeting's productivity while acknowledging outstanding concerns about housing and community banking issues, which she is actively addressing.
Politico reported potential amendments to the bill, including possible attachments related to community banking provisions. The progress signals growing political will to establish regulatory clarity for stablecoins and broader digital asset markets.
