Senators compromise on stablecoin rewards, with a nearly 60% chance of advancing cryptocurrency legislation

According to The Block, after Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards, the chances of advancing cryptocurrency legislation have significantly increased. Kristin Smith, President of Solana Policy Institute, stated that the probability of the bill passing has increased from 40% two weeks ago to nearly 60% currently. Cody Carbone, CEO of the Digital Chamber of Commerce, stated that the resolution of the stablecoin issue has paved the way for the bill to be passed in the Senate and sent to the President. However, Senator Kirsten Gillibrand stated that without ethical provisions, the bill would not be supported, which remains the main obstacle.