Headline: McHenry and White House’s Witt say sweeping crypto market-structure bill could clear Congress within months At CoinDesk Live from the Ondo Summit in New York, former House Financial Services Chair Patrick McHenry and White House advisor Patrick Witt signaled growing momentum for a sweeping crypto market-structure bill — and predicted it could pass within months. Why momentum is building: Both speakers described rising optimism across Washington and among industry stakeholders. Negotiations led by the White House are narrowing policy options and creating a clearer path toward compromise. The key hang-up: Stablecoin yield remains the biggest unresolved issue. Lawmakers and regulators are still debating how interest or “yield” on stablecoin holdings should be treated — a point that could shape the final bill’s structure and market impact. Why DeFi matters: McHenry emphasized decentralized finance as a foundational component of the crypto ecosystem, arguing that effective market-structure rules need to account for DeFi’s unique dynamics. Politics and hurdles: Ethics concerns have been raised in the background, but McHenry and Witt suggested these issues are unlikely to derail the legislative push. Instead, the sweep and speed of negotiations suggest lawmakers may opt for a compressed timeline to reach a deal. What’s next: Expect intensified talks in the coming weeks and a fast-moving legislative calendar if negotiators maintain current momentum. For full coverage of their conversation, watch CoinDesk Live from the Ondo Summit. Read more AI-generated news on: undefined/news