March 20th, the U.S. Senate saw a breakthrough in stablecoin yield legislation discussions, with the key lying in building a compromise framework. Senators pointed out that the focus has shifted to identifying stakeholders rather than bill details, and the White House maintains a cautious stance. The latest discussions plan to restrict the use of traditional financial terminology, aiming to reduce regulatory pressure. Stablecoin-related business has become an important part of platform revenue, and policy changes could impact business models. The probability of this bill passing by 2026 is estimated at 61%.

The U.S. cryptocurrency market structure CLARITY Act negotiations are nearing completion, with updated text submitted to the White House, and the Senate discussing bridging final gaps. Compromises on stablecoin yield are imminent, with some concessions to community banks still under discussion. Meanwhile, the SEC has released crypto asset classification definitions, emphasizing the need for Congress to rewrite legislation.

In Illinois's Democratic primary for the Senate, Lieutenant Governor Juliana Stratton defeated Raja Krishnamoorthi, who received support from the cryptocurrency industry, demonstrating a counterattack by traditional political forces against emerging capital. Despite the Senate setback, the crypto camp made progress in the House primary, with continued increased funding investment, but controversy has also risen, warning that crypto capital may influence future elections.

Trump clarified on Truth Social that the official name of his new bill is the "Save America Act," opposing references to it as the "Save Act." The bill aims to pave the way for midterm elections, with a Senate vote expected this week. Trump stated he will not sign other legislation until the bill passes.

美國參議院銀行委員會主席Tim Scott表示，關於穩定幣收益支付條款的分歧可能會在本周取得進展，預計將收到妥協提案。該法案旨在明確美國加密資產監管框架，目前談判涉及多個關鍵條款，若達成一致，將對加密市場產生深遠影響。

As the 2026 U.S. election cycle progresses, the Illinois Democratic Senate primary has become an important battleground for the cryptocurrency industry. The competition between candidates Juliana Stratton and Raja Krishnamoorthi reflects intense exchanges of crypto industry funding and policy support. Multiple sources of funding are attempting to shape a favorable regulatory environment, while also raising concerns about the integrity of the democratic process. As voting approaches, the market is watching the impact of crypto capital on election outcomes and potential shifts in future policy directions.

Senate Majority Leader John Thune stated that digital asset market structure legislation is not expected to advance before April, as the Senate will prioritize the Rescue America Act. This timeline differs from expectations held by Ohio senators. While the Agriculture Committee has advanced the bill, the Banking Committee's procedures have been delayed, and the White House has not reached any agreement.

Gate News reported that on March 12, U.S. Senate Majority Leader John Thune stated that the Senate plans to advance cryptocurrency market structure legislation and licensing-related legislation after completing debate on the (voter identification provisions) of the "Save America Act." John Thune said that senators are pushing forward this long-awaited cryptocurrency market structure bill and indicated that if there is bipartisan willingness to cooperate, the Senate can make progress on multiple issues of mutual concern between the two parties. The "Save America Act" is expected to undergo partisan debate in the Senate next week.