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

Odaily Planet Daily News: A leaked list obtained by POLITICO shows that members of the U.S. Senate Banking Committee have filed over 100 amendments to the crypto market structure bill under consideration on Thursday. These amendments primarily concern stablecoin yields, software developer protections, and ethics rules.

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