Key Turning Point in U.S. Crypto Regulation: Bank and Crypto Compromise Plan Emerges, Stablecoins at the Core
February 5 News, the United States is accelerating the development of a cryptocurrency regulatory framework, striving to establish a new balance between the traditional banking system and digital asset innovation. Senator Tim Scott, chairman of the Senate Banking Committee, recently stated that as long as consumer protection and financial stability are prioritized, compromises between crypto companies and banks can help keep innovation within the United States rather than forcing it overseas. He emphasized that competition and technological advancement can reduce costs and expand financial service coverage.
Currently, stablecoin regulations have become a core focus of policy discussions. Legislators aim to set clear boundaries for how the "digital dollar" operates within the U.S. financial system, while crypto companies seek to avoid excessive restrictions. Multiple sources indicate that some industry organizations have agreed to strengthen custody standards, allowing banks to securely hold digital assets within a compliant framework, thereby pushing previously stalled legislation back to the negotiation table. As midterm elections approach, policymakers also face the practical pressure to demonstrate progress.
Currently, stablecoin regulations have become a core focus of policy discussions. Legislators aim to set clear boundaries for how the "digital dollar" operates within the U.S. financial system, while crypto companies seek to avoid excessive restrictions. Multiple sources indicate that some industry organizations have agreed to strengthen custody standards, allowing banks to securely hold digital assets within a compliant framework, thereby pushing previously stalled legislation back to the negotiation table. As midterm elections approach, policymakers also face the practical pressure to demonstrate progress.
