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Stablecoin bill passage probability 2026: Reward disputes shake bipartisan support

1 min readSource

Traders see a 70% chance for the 2026 stablecoin bill passage, but reward system disputes are causing bipartisan support to fray in Congress.

Traders bet on a 70% win, but a new reward dispute threatens the finish line. The Stablecoin bill, once a beacon of bipartisan cooperation, is hitting a significant regulatory wall.

Stablecoin bill passage probability 2026: Market optimism vs political friction

Market participants currently estimate a 68-70% chance of the bill clearing Congress within 2026. However, internal disagreements over how issuers reward token holders have frayed the unified front previously seen between Democrats and Republicans.

The Friction Over Yield and Rewards

The debate centers on whether stablecoin rewards should be treated as interest or securities. While some lawmakers view these rewards as essential for fintech innovation, others argue they require stricter oversight similar to traditional banking products. This deadlock has slowed the legislative momentum that many hoped would define the start of the year.

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