TechFlow News, March 18: According to CoinDesk, on March 18, Senator Tim Scott, Chairman of the U.S. Senate Banking Committee, stated at the Washington, D.C. Blockchain Summit that the previously stalled crypto market structure bill is making substantive progress behind the scenes, and the first draft addressing stablecoin yield provisions is expected this week.
Scott noted that stablecoin yield is the most publicly debated issue in the bill, and Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and White House official Patrick Witt are actively driving resolution of this matter.
Regarding other outstanding issues, Scott revealed that multiple points of disagreement have entered negotiation stages over the past month—including ethical concerns arising from President Trump’s and his family’s crypto projects, statutory quorum shortfalls among bipartisan members at major regulatory agencies, and regulation of decentralized finance (DeFi) alongside anti-money laundering (AML) compliance requirements. Scott stated that progress is underway on all these fronts, and the overall outlook is positive.
