Crypto Reporter: Stablecoin yield issues remain a key part of the Crypto Market Structure Act, with Senator Tillis's stance becoming a focal point

Deep Tide TechFlow News, March 6 — According to crypto journalist Eleanor Terrett, the progress of the U.S. cryptocurrency market structure bill mainly depends on Senator Thom Tillis’s stance. The White House has submitted the legislative text to Tillis’s office, and the two sides recently met to discuss, which has been described as “moving in the right direction.” Cody Carbone, CEO of the Digital Chamber of Commerce, expressed optimism about reaching a consensus on stablecoin yield issues. Even if Democrats do not vote in favor, the bill could still pass along party lines in the Banking Committee, but Tillis’s vote is crucial. Industry insiders say that the stablecoin yield issue has dominated much of the discussion, leading to other topics like decentralized finance being sidelined. A crypto trade executive remains “cautiously optimistic” about the Banking Committee rescheduling its review at the end of March.