Ripple and its co-founder Chris Larsen each donated $5 million to Golden State Promise to oppose California's 2026 billionaire tax bill, which requires billionaires to pay a one-time wealth tax and has prompted multiple billionaires to leave California.

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%.

美國穩定幣監管出現關鍵變數，白宮經濟顧問委員會的研究報告成為爭議焦點，認為穩定幣影響傳統銀行存款有限。多位共和黨參議員要求公開報告，以推進《數字資產市場透明度法案》。財政部長信號顯示支持放寬銀行資本約束，政策路徑正處關鍵節點。

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.

參議院銀行委員會計劃在四月下半月審議《清晰法案》，以解決數字資產立法的爭議。穩定幣收益率條款是最大障礙，妥協方案正在形成。法案需在5月21日前通過，以避免中期選舉的日程壓力，未來幾周將決定立法進程。

Gate News 消息，3 月 18 日，據加密記者 Eleanor Terrett 報道，參議員 Lummis 表示，Clarity Act（加密貨幣監管法案）無論如何都將在年底前完成。她還表示，預計在復活節假期後的 4 月下半月，銀行委員會將對該法案進行審議。

美國SEC和CFTC聯合發佈加密資產監管框架，提出五類代幣分類，明確監管職責，降低市場不確定性。該框架與CLARITY Act高度重疊，但仍存在法律效力不足和部分內容缺失的問題，未來立法進程仍待觀察。

Gate News report: On March 17, U.S. Senator Chris Murphy and Representative Greg Casar introduced a new bill called the BETS OFF Act, which aims to prohibit government officials from participating in prediction market bets while in possession of insider information. The bill specifically targets suspected insider trading activities in events related to U.S. operations in Venezuela, Iran, and other locations, aiming to restrict officials from profiting through sensitive policy and military information.

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.

投資銀行TD Cowen指出，美國國會正接近通過立法，永久禁止美聯儲發行中央銀行數字貨幣（CBDC）。該修正案由參議員Ted Cruz提出，旨在將現有臨時禁令轉為永久性，反對派強調CBDC對隱私的威脅。此舉可能利好穩定幣發行方，但也為加密市場立法帶來複雜因素。