Key U.S. senator on crypto market structure bill negotiation: 'We think we've got it'

Senator Cynthia Lummis, leading negotiations on a crucial crypto market structure bill, expressed optimism that a final compromise has been reached. She anticipates the bill will be released from the Senate Banking Committee in April, following months of debate, particularly regarding stablecoin rewards programs. The compromise will likely prohibit crypto platforms from offering rewards that resemble traditional banking products. Coinbase CEO Brian Armstrong has shown willingness to concede on this issue. Senator Bernie Moreno indicated that final stablecoin talks involve Senators Alsobrooks and Tillis, along with the White House. While previous disagreements over DeFi security have been resolved, the Senate's schedule remains uncertain due to other legislative priorities and upcoming elections, but Lummis is determined to pass the bill before year-end. A separate report highlights a UK committee urging a moratorium on crypto donations to political parties due to concerns about transparency and potential abuse.

(Source：CoinDesk)