According to industry observers, U.S. Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards this week, significantly improving the outlook for comprehensive cryptocurrency legislation. Kristin Smith, president of the Solana Policy Institute, raised her estimated odds of a broad crypto bill becoming law to 60% from 40% two weeks ago, citing the breakthrough on what had been a major sticking point. The compromise clears the way for a second markup hearing in the Senate Banking Committee as early as next week.
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