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

DeepFlowTech · 2026-03-18T00:28:09+00:00

U.S. Senate Banking Committee Chairman Tim Scott stated at the blockchain summit that progress has been made on the crypto market structure bill, and a draft on stablecoin yields is expected to be released. Several unresolved issues are also under active negotiation, including ethical concerns and DeFi regulation. The overall outlook is positive.

DeepFlowTech

2026-03-18 00:28:09

Abstract generation in progress

Deep Tide TechFlow News, March 18 — According to CoinDesk, Senate Banking Committee Chairman and Senator Tim Scott stated at the Washington DC Blockchain Summit on March 18 that the previously stalled crypto market structure bill is making substantial progress behind the scenes. A draft including language related to stablecoin yields is expected to be received this week.

Scott said that the issue of stablecoin yields 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 for a resolution.

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 issues for major regulatory agencies’ bipartisan seats, and DeFi regulation and AML compliance requirements. Scott stated that all these issues are progressing well overall.

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