Analysis: Despite ongoing ethical controversies, stablecoin protocols have given new life to crypto legislation.

CoinFeed reported on May 9th that, according to The Block, the chances of comprehensive crypto legislation moving forward have significantly increased after Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards. Kristin Smith, president of the Solana Policy Institute, stated that she previously estimated the bill's passage probability at around 20% to 30%, which rose to 40% two weeks ago and is now approaching 60%. Cody Carbone, CEO of the Chamber of Digital Commerce, said that the resolution of the stablecoin issue "completely changed the atmosphere," paving the way for the bill to pass the Senate and be sent to the president. However, the ethics clause remains the final major hurdle. Senator Kirsten Gillibrand has made it clear that she will not support the bill without the ethics clause.