Crypto firms push new compromises to save key market structure bill

Crypto firms are actively negotiating new compromises, particularly involving community banks, to secure the passage of essential crypto market structure legislation. These new proposals suggest community banks could hold reserves for stablecoin issuers or even issue their own stablecoins via partnerships. This negotiation follows a recent White House meeting that failed to resolve the central conflict: stablecoin yields, which bankers fear will draw deposits away from community banks. Crypto proponents view the banking industry's resistance as an attempt to block competition. Despite the friction, key industry figures remain optimistic that the bill will pass with compromises on both sides, potentially allowing for regulated growth even if the final stablecoin terms are less than ideal for the industry.

(Source：Crypto Briefing)