White House advisor Patrick McHenry and former House Financial Services Committee Chairman Patrick Witt expect a comprehensive crypto market structure bill could pass and be sent to the President before May 25. Key disagreements remain around stablecoin yields, especially whether centralized exchanges can pay interest on idle stablecoin holdings, while consensus has been reached on banning false advertising. The bill emphasizes decentralized finance (DeFi) as central to cryptocurrency’s efficiency and transparency, with possible Senate action before the Easter recess in April.
