U.S. Senate Banking Committee Members Submit Over 100 Crypto Bill Amendments

Odaily reported that according to a leaked list obtained by POLITICO, members of the U.S. Senate Banking Committee have submitted over 100 amendments to the crypto market structure bill scheduled for review on Thursday. These amendments primarily focus on stablecoin yield, software developer protection, and ethics provisions.

Among them, Democratic Senators Jack Reed and Tina Smith have proposed strengthening the prohibition on interest payments for stablecoins; Chris Van Hollen suggested banning the President, members of Congress, and their families from holding or being associated with cryptocurrencies; Catherine Cortez Masto proposed establishing a safe harbor for software developers to shield them from criminal liability. Additionally, Andy Kim proposed rebuilding the Department of Justice's National Cryptocurrency Enforcement Team. The bill aims to clarify regulatory jurisdiction over cryptocurrencies.