The key legislation is about to be implemented, and this game of chess is more important than the market trend this time ⚠️

American lawmakers will return to Congress next week, and the crypto market structure bill is expected to be voted on by the end of the month.
The real obstacle to progress is actually just one point — whether stablecoins will "provide yields" or not.
Simply put 👇
The bill passed last year does not allow stablecoin issuers to directly pay interest, but allows third parties like platforms to offer yields.
The question is:
Banks are no longer willing —
They worry that funds will be siphoned off by stablecoins, affecting the traditional deposit system.
The crypto industry also refuses —
If yields are restricted, it’s equivalent to directly suppressing innovation and user growth.
And the latest signal is:
Domestic regulators are already pushing for a “compromise plan,” and some reports suggest that this yield mechanism won’t truly impact the banking system.
What does this mean?
Once a compromise is reached, stablecoins may be truly released, and the entire crypto market’s capital inflow could be reopened 📈
But if negotiations break down, regulatory pressure will still be the core variable suppressing the market.
Big players won’t wait for the outcome to act,
They will start betting early before the rules are even finalized.
Some opportunities have never been about waiting for policies to be confirmed, but about those who understand the trend already being on the way. #Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨 $FUN $NOM