PANews reported on May 1st that, according to The Block, the U.S. crypto market structure bill is gaining momentum in the Senate Banking Committee, with lawmakers aiming for a hearing in mid-May. However, several controversies remain unresolved, including how to handle stablecoin yields, ethics clauses, and how to address President Trump's crypto interests. Senator Thom Tillis has asked Committee Chairman Tim Scott to advance the hearing, but stated he will oppose it if the bill does not include ethics clauses. Senator Angela Alsobrooks emphasized that illicit finance and ethical issues must be addressed to secure bipartisan approval. Senator John Kennedy currently does not support crypto legislation due to the housing bill controversy. Committee Chairman Scott stated that the bill has entered the "red zone" and hopes for bipartisan consideration in May, followed by a Senate vote in June or July. However, industry insiders estimate the bill's chances of passing to be only 15% to 25%, while Galaxy estimated it at 50% last week.

Furthermore, the Trump family's cryptocurrency interests have raised ethical concerns. Bloomberg estimates that Trump has profited at least $1.4 billion from his cryptocurrency projects, including DeFi and stablecoin project World Liberty Financial. The Trump family also holds a 20% stake in mining company American Bitcoin.