Sen. Tillis: Stablecoin Bill Markup Nears
Sen. Thom Tillis eyes stablecoin yield text release this week amid negotiations, optimistic for markup in weeks, floats 'crypto palooza' for expert input on crypto market structure bill.
SourceSen. Thom Tillis (R-NC) signaled ongoing talks with stakeholders on releasing stablecoin yield text publicly this week, admitting open issues need more negotiation but expressing optimism for scheduling a markup soon. He proposed a 'crypto palooza' to gather bank and crypto experts for senators to resolve disputes ahead of the bill's progress, now 'guardedly optimistic' due to advances in enforcement and ethics language. This stablecoin regulation update ties into broader US Senate crypto legislation efforts, potentially impacting Bitcoin (BTC) volatility as markets await clarity on crypto bill markup timelines, with historical delays in the last six months highlighting regulatory hurdles in the evolving crypto market structure bill landscape.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.