Overview
- The scheduled markup will let senators offer and vote on amendments, reviving the stalled bill without ensuring passage.
- Key sticking points include limits on stablecoin yields, how tokens are classified, safeguards against illicit finance, and the scope of DeFi oversight.
- Committee leaders need cross‑party agreement to advance the bill, since a party‑line outcome could falter when the full Senate considers it.
- Prediction markets show rising odds of passage, with Kalshi traders pricing a 42% chance the bill becomes law before April and 69% before May.
- Some market watchers see potential crypto gains if regulatory clarity arrives, while one analyst’s 30–45 day path from markup to law remains a best‑case scenario.