The U.S. crypto market bill may be nearing progress after what participants described as a productive White House meeting. Ripple’s Chief Legal Officer Stuart Alderoty said compromise is “in the air,” with bipartisan momentum building around clearer market structure rules.
According to reports, during the most recent talks, members from the banking and cryptocurrency industries demonstrated more flexibility. According to reports, banks who had previously opposed exclusions pertaining to stablecoin incentives are now amenable to some concessions. The White House has called for a settlement by March 1, so more discussions are anticipated in the days ahead.
However, market confidence remains uncertain. Prediction platform data shows odds of the bill passing have fallen to 56%, down from earlier highs. Industry leaders argue that passing the legislation could bring much-needed clarity and stability to the crypto market, which has struggled since last year’s peak.
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