U.S. Senators Submit Over 130 Amendments, Stablecoin Yields and DeFi in Focus

Odaily News U.S. Senators have submitted over 130 amendments for the upcoming review of the crypto market structure bill this week. The amendments cover stablecoin yield regulations, DeFi provisions, restrictions on public officials' involvement in crypto interests, and adjustments to the definitions of digital asset mixers and tumblers, among other topics. The amendments were jointly proposed by senators from both the Democratic and Republican parties.

The Senate Banking Committee will hold a review meeting this Thursday to discuss the relevant amendments and vote on whether to incorporate them into the bill text, followed by a vote on whether to advance the legislative process. Some amendments show bipartisan support, including proposed modifications to stablecoin yield provisions, such as removing the phrase "solely for holding stablecoins" from the current text and strengthening yield disclosure and risk warning requirements. (CoinDesk)