According to The Block, the probability of advancing cryptocurrency legislation has significantly increased after Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards. Kristin Smith, President of the Solana Policy Institute, stated that the likelihood of the bill passing has risen from 40% two weeks ago to nearly 60% today. Cody Carbone, CEO of the Digital Chamber, said that resolving the stablecoin issue has paved the way for the bill to pass in the Senate and be sent to the President. However, Senator Kirsten Gillibrand stated she will not support the bill without ethical provisions, which remains a major obstacle.
Senator compromise on stablecoin incentives boosts crypto legislation chances to 60%
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Summary
Senator Angela Alsobrooks and Thom Tillis have reached an agreement on stablecoin incentives, raising the likelihood of crypto legislation passing to 60%. Kristin Smith of the Solana Policy Institute said the odds have increased from 40% two weeks ago. Cody Carbone of the Digital Chamber called the resolution a crucial step toward Senate approval. However, Kirsten Gillibrand remains opposed unless an ethics clause is added. The compromise represents a significant shift in the momentum for stablecoin regulation and crypto legislation.
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