O’Leary Sets May 15 Date for US Crypto Market Structure Bill

Kevin O’Leary targets May 15 for U.S. crypto market-structure bill, with stablecoin rewards dispute delaying markup; compromise watched.
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Investor Kevin O’Leary said that he expects U.S. crypto market structure legislation to pass before the 2026 midterm elections, pegging May 15 as the target date.

O’Leary positioned stablecoin rewards as the key bottleneck, saying it accounts for 90% of the delays and arguing it is unfair if platforms are blocked from paying rewards on idle stablecoin balances. The friction has already moved the goalposts: Coinbase pulled support hours before a planned vote, triggering an indefinite postponement of the bill’s markup, while CEO Brian Armstrong argued users should be able to earn 3.8% yield on stablecoins.

What to watch next is whether negotiators land a compromise that allows rewards tied to stablecoin usage, but not passive balances, and whether the committee calendar resets in a way that keeps a May 15 runway credible.

Source: CoinDesk (X post).


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