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.

Stablecoin News: Senator Scott Eyes Draft on Yield Rules This Week

Key Insights Stablecoin News: Senate Banking Chair Tim Scott expects the first stablecoin yield draft proposal by the end of this week. Proposal aims to ban passive holding yields while allowing rewards tied to transactions or usage. Bipartisan talks with Alsobrooks, Tillis, Warner, and White House official show strong momentum building. The U.S. Senate is making progress on legislation to reform the cryptocurrency market structure after months…

Senator Tim Scott Drives Momentum for Crypto Market Structure Legislation After GENIUS Act Win at DC Blockchain Summit

Senator Tim Scott Drives Momentum for After Win at DC Blockchain Summit In a key moment for the crypto world, Senator Tim Scott, the Republican from South Carolina and Chairman of the Senate Banking Committee, spoke at the DC Blockchain Summit. He joined Digital Chamber CEO Cody Carbone for a fireside chat. Scott celebrated the recent success of the and pushed hard for the final passage of broader for digital assets. What is the and Why Does It …

US Senators Urge Swift Action On Crypto Structure Bill

The post US Senators Urge Swift Action On Crypto Structure Bill appeared on BitcoinEthereumNews.com. U.S. Senators are pressing lawmakers to advance legislation aimed at clarifying Bitcoin and broader crypto market structure. Sen. Cynthia Lummis emphasized urgency in remarks today at the D.C. Blockchain Summit today, saying, “This may be our only chance to get market structure done. I can’t be any clearer: The time for clarity is now.”  She conf…

Scott: Yield compromise could arrive by the end of the week

Senate Banking Committee Chair Tim Scott, R-S.C., said Tuesday afternoon that he expects the committee to work out a compromise between banks and crypto firms on yield-like rewards — a major sticking point in a market structure bill — by Friday.