Senator Tim Scott: Progress Made in Crypto Market Structure Bill Negotiations, Stablecoin Yields Draft Expected to Land This Week

ZkProver · 2026-03-18T00:31:23+00:00

U.S. Senate Banking Committee Chairman Tim Scott revealed at the Washington DC Blockchain Summit that the stalled cryptocurrency market structure bill is making progress, with a draft expected to be released on stablecoin yield-related issues. Multiple parties, including both Democratic and Republican senators, are pushing to address stablecoin yield issues, with other topics also under negotiation. The overall situation is looking positive.

ZkProver

2026-03-18 00:31:23

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ChainCatcher reports that, according to CoinDesk, Senate Banking Committee Chairman and Senator Tim Scott stated at the Washington DC Blockchain Summit that the previously stalled crypto market structure bill is making substantial progress behind the scenes, and the first draft including language related to stablecoin yields is expected.

Scott said that the issue of stablecoin yields is the most discussed topic in the bill. Currently, Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and White House official Patrick Witt are actively pushing for a solution.

Regarding other unresolved issues, 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 stated that these issues are all progressing well, and the overall situation is positive.

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