Gate News Report, March 18 — U.S. Senate Banking Committee Chair and Senator Tim Scott announced at the Washington DC Blockchain Summit that the previously stalled crypto market structure bill is making substantial progress behind the scenes. The first draft including language related to stablecoin yields is expected to be received this week. Scott stated that the stablecoin yield issue is the most publicly discussed topic in the bill. Currently, Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and White House official Patrick Witt are actively pushing to resolve this issue. Regarding other unresolved topics, Scott revealed that several disagreements over the past month have entered negotiations, including ethical concerns raised by President Trump and his family’s crypto projects, the quorum issue of bipartisan committee seats at major regulatory agencies, and DeFi regulation and AML compliance requirements. Scott said all these issues are progressing well overall.
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