Today in crypto, US Senator Tim Scott expects a compromise on the market structure bill this week, the SEC said it will consider most crypto assets not securities under federal law, and Mastercard has agreed to buy stablecoin payments company BVNK for up to $1.8 billion.
Key US senator eyes breakthrough for stalled crypto bill
US Senator Tim Scott says he is expecting a possible compromise this week on a stablecoin yield payments provision that has stalled a crypto market structure bill in the Senate.
“I believe that this week we will have the first proposal in my hands to take a look at,” Scott, the chair of the Senate Banking Committee that is working to advance the bill, said on Tuesday at a crypto lobby event in Washington, D.C.
“If that actually happens before the end of this week, and I think that it will [...] I think we’re going to be in much better shape,” he added.
The Senate has been looking to advance its version of a crypto market structure bill that outlines how regulators will approach crypto after the House passed similar legislation in July, called the CLARITY Act.
SEC to consider most crypto assets not securities under federal law
In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws.
In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would serve as an “important bridge” as lawmakers in the US Congress consider market structure legislation which will codify how financial regulators oversee digital assets.
“This is what regulatory agencies are supposed to do: draw clear lines in clear terms,” said SEC Chair Paul Atkins. “It also acknowledges what the former administration refused to recognize -– that most crypto assets are not themselves securities. And it reflects the reality that investment contracts can come to an end.”
Mastercard agrees to acquire BVNK in $1.8 billion stablecoin deal
Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments.
The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions, the company said on Tuesday.
“We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” Jorn Lambert, chief product officer at Mastercard, said.
BVNK, founded in 2021, provides infrastructure that allows businesses to send and receive payments across major blockchain networks in more than 130 countries. Its platform is designed to bridge fiat currencies and stablecoins, enabling use cases such as cross-border payments, payouts and business transactions.
In November 2025, Coinbase and BVNK announced they had mutually walked away from a proposed $2 billion acquisition that had reached the due diligence stage. No reason was disclosed for the cancellation of the deal.
