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

According to Odaily, a leaked list obtained by POLITICO reveals that members of the U.S. Senate Banking Committee have filed over 100 amendments to the cryptocurrency market structure bill under consideration on Thursday. These amendments primarily focus on stablecoin yields, software developer protections, and ethical regulations.

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