The White House countered the bankers’ concerns on Tuesday by posting economic data suggesting the worries are misguided.Jaret Seiberg, a policy analyst at TD Cowen, set the odds for a failure in the opening vote at 60%. In that scenario, he said, “Democrats, including those who are crypto friendly, decide the GOP changes are insufficient. It also likely means several Republicans vote no over stablecoin yield or law enforcement concerns.”Meanwhile, the crypto industry is asking that lawmakers at least keep the process alive with an opening yes vote that allows them to continue talking.”A yes vote is critical and keeps…

Ethereum and Base are set to implement different account abstraction standards after efforts to agree on a shared account abstraction standard broke down last week.Interoperability standards became secondary to each chain’s core goals, leading both to go their separate ways and “putting the burden on wallets,” Derek Chiang, founding member and researcher at Ethlabs, as well as a co-author of Ethereum’s EIP-8141 proposal, said in a Monday X post.The divergence could require wallet developers to support separate transaction formats to provide a consistent experience across networks. Account abstraction allows programmable rules for authorizing transactions and paying fees. Ethereum is now…

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