Overview
- A coalition of crypto firms and advocacy groups urged the Senate Banking Committee to notice and hold a markup, warning delays could push investment and jobs overseas.
- Sen. Bernie Moreno, who spoke Wednesday in Washington, said he expects a committee markup by the end of May.
- Prediction markets now price lower chances, with Polymarket showing a 38% probability the bill passes in 2026.
- Galaxy Digital still sees roughly even odds this year and warns a slip past mid‑May on markup would likely undercut the few Senate weeks left before August.
- Talks remain stuck on whether stablecoin issuers can pay passive yields, as banks press for more caution and the American Bankers Association seeks 60 extra days to comment while TD Cowen flags five added procedural snags.