Eleanor Terrett: The issue of stablecoin yields remains a key point in the crypto market structure bill, with Senator Tillis's stance in the spotlight

According to crypto journalist Eleanor Terrett, the progress of the U.S. cryptocurrency market structure bill mainly depends on Senator Thom Tillis's position. The White House has submitted the legislative text to Tillis's office, and both sides recently met to discuss what has been described as "moving in the right direction." The Digital Chamber CEO Cody Carbone expressed optimism about reaching a consensus on the stablecoin yield issue.

Even if Democrats do not vote in favor, the bill could still pass the Banking Committee along party lines, but Tillis's vote is crucial. Industry insiders noted that the stablecoin yield issue has dominated discussions, causing other issues like decentralized finance to be sidelined. A crypto trading executive expressed "cautious optimism" about the Banking Committee rescheduling the review at the end of March.