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

Senator Tim Scott, Chairman of the Senate Banking Committee, stated that negotiations on the stalled crypto market structure bill are progressing. He anticipates receiving a first proposal for stablecoin yield language as soon as this week, which he believes will significantly advance the process. Scott credited Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and Patrick Witt from the White House for their work on the yield issue. Additionally, Scott noted that other outstanding issues have been negotiated, including concerns about President Donald Trump's family crypto projects, the need for bipartisan commissioners at regulatory agencies, and know-your-customer regulations. He expressed optimism about resolving the ethics and quorum issues, which are important to Democrats, and mentioned ongoing work on DeFi and AML regulations, which Senator Mark Warner has emphasized.

(Source：CoinDesk)