Gate News, March 19th, the U.S. Senate is making progress in negotiations over stablecoin yield mechanisms, according to Senator Cynthia Lummis. Following a Senate Republican-led meeting on cryptocurrency market structure, Lummis stated that discussions are advancing but remain sensitive. The focus has shifted from drafting legislative text to identifying key stakeholders for engagement. Lummis expressed optimism, noting the meeting generated important ideas and outlined a clear path forward. However, Patrick Witt, Executive Director of the White House Crypto Committee, appeared frustrated and declined to comment after the meeting. Senator Tim Scott also refrained from commenting as he left the meeting.
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