The U.S. crypto market structure bill has made progress at Senate hearings, with lawmakers weighing the pros and cons of the legislation.

PANews reported on March 20th that, according to CoinDesk, negotiations on the CLARITY Act, the US cryptocurrency market structure bill, have been ongoing for weeks and are now "nearly finalized." Sources familiar with the matter said the updated legislative text was submitted to the White House for review on Thursday, and Republican senators on the Senate Banking Committee met that day to discuss how to bridge the final differences. A compromise is imminent in the long-standing dispute over stablecoin yields, but lawmakers are still discussing what other concessions they can offer to community banks in exchange for their support, potentially including provisions related to recent housing legislation. Democrats are still demanding a ban on senior government officials profiting from personal crypto gains (primarily targeting Trump) and are calling for Democratic commissioners to fill vacancies before the CFTC passes new rules. Senator Lummis stated that the Coinbase CEO has been more flexible in recent negotiations. Meanwhile, the SEC released its first classification definition for crypto assets this week. The SEC chairman stated that only Congress can rewrite the law, but before that, regulators are providing the responsible regulatory path the market needs.