‘We are so close this time’ — Senator Lummis on market structure bill
Senator Scott, who previously postponed the bill's markup, announced he expects a proposal on stablecoin yield shortly.
Mixed
tl;dr
Senator Cynthia Lummis predicts a breakthrough for stalled digital asset legislation by May 2026, despite delays in the Senate Banking Committee. The bill seeks to regulate crypto market structures but faces hurdles over stablecoin yield rules and upcoming midterm election pressures.
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TSTim ScottR-South Carolina
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