Senate Banking Committee Chairman Tim Scott (Tim Scott) spoke on March 17 at a closed-door event with the crypto lobby in Washington. He expects to receive a draft agreement on stablecoin yields this week.
The document is intended to resolve a key disagreement that has been blocking progress on a comprehensive crypto market structure bill.
“If the proposal arrives by the end of the week, the situation around the bill should stabilize,” Scott said.
What The Dispute Is About And What To Expect From Its Resolution
The Senate is advancing its own version of a crypto market structure bill after a similar document was approved by the House of Representatives in the summer of 2025. The key disagreement is a proposed ban on third parties, including exchanges, offering yield on stablecoins.
Banking groups argue that such mechanisms bypass existing restrictions and could lead to deposit outflows from the traditional financial system. Crypto companies push back, viewing the banks’ position as an attempt to limit competition.
Disagreements over this provision have stalled the bill’s progress, and current negotiations are focused specifically on how stablecoin yields should work. The expected compromise should define this framework and the restrictions to be included in the final version of the law.
On Polymarket, the probability of the bill being passed in 2026 is estimated at 62%.