Bitcoin (BTC)·XRP·Ethereum (ETH), 'Stir' on News of Major US Congressional Compromise

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Bitcoin (BTC), XRP, and Ethereum (ETH) have rebounded. Market sentiment improved as negotiations for the US cryptocurrency market structure bill achieved a significant breakthrough.

According to the cryptocurrency media outlet U.Today on September 14 (local time), Senate Republicans unveiled an amendment to the US cryptocurrency market structure bill. Republicans stated it was their “last and best final offer” to Democrats. It also included major concessions that could garner Democratic support.

The new amendment is 635 pages long. It includes ethics provisions for public officials supported by the White House and several changes requested by Democrats. Politico reporter Eleanor Mueller reported that about 80% of the ethics proposals drafted by Senators Thom Tillis and Ruben Gallego were reflected.

Senator Cynthia Lummis stated that more than 120 Democratic requests were included in the amendment. Lummis said, “We have engaged in intense bipartisan negotiations every day for a year, and now the bill is ready.” Republican officials explained that they accepted more than 90% of the Democrats' demands regarding ethics issues.

The next hurdle for the bill's passage is a procedural vote in the Senate scheduled for Tuesday. Currently, there are not enough votes to move the bill to the next stage. Democratic senators have been negotiating for months over key provisions such as government ethics and stablecoins. On Polymarket, the probability of the bill passing this year has exceeded 30%.

Following news of progress in negotiations, Bitcoin, XRP, and Ethereum rebounded from their recent downturn. Although the bill largely reflects Democratic demands, it must pass a procedural vote in the Senate to proceed to the next stage.

[Key Summary of the Article]

-US Senate Republicans unveiled a 635-page amendment to the US cryptocurrency market structure bill.

-The amendment includes over 120 Democratic requests, with about 80% of the ethics proposals reflected.

-As negotiations for the bill reached a breakthrough, Bitcoin, XRP, and Ethereum rebounded from their recent downturn.

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