Svmuu News: White House Digital Asset Advisor Patrick Witt stated that the previously considered "difficult to resolve" differences in crypto legislation have significantly narrowed, and the prospects for advancing related bills are improving.
As Congress reconvenes, key Senate committees are expected to vote on comprehensive crypto legislation, paving the way for subsequent legislative progress. This bill aims to clarify the regulatory division of responsibilities between the SEC and CFTC and establish a unified rule framework for exchanges and market participants.
The current focal point of controversy remains the stablecoin incentive mechanisms. Although the passed stablecoin bill prohibits issuers from directly paying interest to users, disagreements persist over whether to allow third-party platforms to provide rewards.
Overall, the policy-making level is shifting from "highly uncertain" to "gradually converging," and the regulatory framework for the crypto industry is expected to enter a stage of substantive advancement.