Trump clarified on Truth Social that the official name of his new bill is the "Saving America Act," opposing the term "Saving Act." The bill aims to pave the way for midterm elections, with a Senate vote expected this week. Trump stated that he will not sign other legislation before this bill passes.

US Senate Banking Committee Chair Tim Scott indicated that disagreements regarding stablecoin yield payment provisions could make progress this week, with compromise proposals expected to be received. The bill aims to clarify the US regulatory framework for crypto assets, with ongoing negotiations involving multiple key provisions that, if agreed upon, would have far-reaching implications for the crypto market.

U.S. Senate Banking Committee Chair Tim Scott stated at the Washington Blockchain Summit that the crypto market structure legislation is making progress, and a draft related to stablecoin yields is expected this week. He emphasized that stablecoin issues are a key topic, with ongoing discussions, and other unresolved issues are also under negotiation. The overall situation is looking favorable.

On Polymarket, two accounts invested $23,800 betting that Kevin Warsh has no chance of being confirmed by the Federal Reserve, with current odds at 94%. If not confirmed by the Senate, the bet will settle otherwise. Powell faces investigation but is steadfastly refusing to resign, and key senators have indicated they will reject any new nomination.

As the 2026 U.S. election cycle progresses, the Illinois Democratic primary for Senate has become a crucial battleground for the crypto industry. The competition between candidates Juliana Stratton and Raja Krishnamoorthi reflects intense clashes over crypto industry funding and policy support. Multiple sources of funding are attempting to shape a favorable regulatory environment, while also raising concerns about the democratic process. As voting approaches, the market is watching the impact of crypto capital on election outcomes and potential shifts in future policy direction.

The Australian Senate Economics Legislation Committee supports the Corporations Amendment Bill 2025 (Digital Assets Framework), which aims to incorporate crypto assets into the financial system by establishing a licensing regime and strengthening consumer protections. At the same time, it will establish a unified regulatory structure for digital asset service providers. If the bill passes, relevant companies will have a six-month transition period to meet the new requirements. This policy is expected to improve Australia's position in digital asset regulation.

The Australian Senate Economics Legislation Committee supports bringing cryptocurrency platforms within the financial services regime, amending relevant legislation to establish a licensing and compliance framework, requiring service providers to hold financial services licenses, and providing a six-month transition period.

U.S. Senate Majority Leader John Thune stated that digital asset market structure legislation is not expected to advance before April, as the Senate will prioritize the Save America Act. This timeline differs from the expectations of the Ohio senator. While the Agriculture Committee has advanced the bill, the Banking Committee's proceedings have been delayed, and the White House has not reached any agreement.