In brief
- Tim Scott said a compromise on stablecoin yield—key to the stalled crypto market structure bill—could emerge by the end of the week.
- The dispute centers on whether firms like Coinbase can offer yield on stablecoins, a major sticking point between crypto companies and banks.
- Lawmakers warn time is running out to pass the bill before the 2026 midterms, with several other unresolved issues still in play.
Senator Tim Scott (R-SC), chair of the powerful Senate Banking Committee, said Tuesday he expects to have a potential compromise on the thorny issue of stablecoin yield, which has long delayed crypto’s market structure bill, “by the end of this week.”
“I believe that this week the first proposal [will be in] my hand to…
