ChainThink report, March 18: According to CoinDesk, U.S. Senate Banking Committee Chairman and Senator Tim Scott stated at the Washington D.C. Blockchain Summit on March 18 that the previously stalled cryptocurrency market structure legislation is making substantial progress behind the scenes, with a new draft expected this week containing at least provisions related to stablecoins.

Scott noted that the issue of stablecoin yield has been the most publicly discussed topic within the bill, with Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and White House official Patrick Witt actively driving solutions to this matter.

On other unresolved issues, Scott revealed that multiple contentious points have entered negotiation stages over the past month, including ethical concerns surrounding President Trump's and his family's crypto ventures, the statutory quorum shortfall among bipartisan board seats at major regulatory agencies, and regulatory frameworks for DeFi aligned with anti-money laundering (AML) compliance requirements. Scott emphasized that all these issues are progressing, with the overall landscape showing positive momentum.