**[Analysis: Crypto Market Structure Bill May Pass Within Months, Stablecoin Yield Becomes Biggest Point of Disagreement]** According to a report by Golden Finance, during the Ondo Summit held in New York, former U.S. House Financial Services Committee Chairman Patrick McHenry and White House advisor Patrick Witt stated in a live broadcast that U.S. cryptocurrency legislation is advancing rapidly, and a major bill covering the crypto market structure is expected to be finalized within the next few months. McHenry predicted that the final version of the market structure bill could be submitted to the President for signing as early as Memorial Day. Witt revealed that after the passage of the *Genius Act*, President Trump personally prioritized this bill. Discussing the progress of negotiations, Witt mentioned that recent White House-led meetings on stablecoin yield issues have reached new consensus on some key topics, while also clarifying certain "red lines" that remain untouchable. The current legislation is transitioning from a stage of principled consensus to the drafting of specific provisions, with the core goal of ensuring the bill can pass both Senate and House reviews. The issue of stablecoin yield is considered the biggest point of contention at present. Witt pointed out that all parties have generally agreed to prohibit misleading practices, such as promoting stablecoins as deposits insured by the FDIC. However, the debate centers on whether centralized exchanges should be allowed to pay passive yields on idle stablecoin balances. McHenry emphasized that DeFi is the foundation of crypto market structure legislation, stating that without DeFi, the legislation "simply cannot function." He highlighted that decentralization is the core reason why the crypto system outperforms traditional finance in terms of efficiency, transparency, and cost, and noted that tokenized lending products have already demonstrated significantly lower costs compared to traditional securities lending.