Senate is making progress on market structure bill, Banking panel head says

Senate is making progress on market structure bill, Banking panel head says

The South Carolina Republican said he might see a draft of stablecoin yield language as soon as this week, and other issues continue to be negotiated.

Tim Scott expects stablecoin yield compromise proposal by week’s end - Invest In Crypto News

Senator Tim Scott, chair of the Senate Banking Committee, says he expects to receive a compromise proposal on stablecoin yield provisions before the end of this week. If that timeline holds, it would mark a significant step toward resolving the single biggest sticking point that has stalled US stablecoin regulation for months. The yield question — whether stablecoin issuers should be allowed to pass interest earnings back to token holders — has …

Tim Scott Expects Proposal for Stalled Crypto Bill This Week

US Senate Banking Committee chair Tim Scott says he could have a proposal on stablecoin yields, a key sticking point in a crypto market structure bill, before the end of the week.

Crypto Bill Stablecoin Yield Compromise Could Come This Week: Tim Scott

The White House is prepared to announce progress as soon as tomorrow on the issue plaguing crypto's market structure bill.

Senate Crypto Bill Gains Momentum as Key Stablecoin Negotiations Advance

Senate Banking Committee Chairman Tim Scott signaled meaningful progress on the long-stalled cryptocurrency market structure bill Tuesday, telling attendees at the Digital Chambers DC Blockchain Summit that a revised draft addressing stablecoin language could arrive as early as this week. Speaking at the Washington event, Scott expressed cautious optimism that negotiations have reached a critical turning point. He specifically acknowledged Democ…