Crypto Market Structure Bill Stablecoin Yield Mechanism Negotiations Making Progress, But Still in 'Delicate Phase'

BlockBeats News, March 19th. Cryptocurrency journalist Eleanor Terrett posted on social media, saying, "Following a cryptocurrency market structure meeting hosted by Senate Republicans (attended by White House cryptocurrency czar Patrick Witt), Senator Cynthia Lummis told reporters that negotiations regarding the revenue/reward mechanism are progressing but still in a 'delicate phase,' with the current focus shifting from the imminent legislative text to 'which key stakeholders need to be reached out to'."

Lummis stated: "I think there were some key ideas sparked in this meeting. So, there's now a pathway forward that was not what I expected going into the meeting." Patrick Witt appeared somewhat disappointed after the meeting and did not make any comments. Senator Tim Scott, as usual, exited with a smile but refused to comment, stating that he would not take questions from reporters in the hallway."