U.S. Senators Submit Over 130 Amendments, with Stablecoin Yields and DeFi in the Spotlight

According to Odaily, U.S. senators have submitted more than 130 amendments ahead of this week's review of the crypto market structure bill. The amendments cover topics such as stablecoin yield rules, DeFi provisions, restrictions on public officials' crypto-related interests, and adjustments to the definitions of digital asset mixers and tumblers. These amendments have been jointly proposed by both Democratic and Republican senators.

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 have shown bipartisan support, including proposed changes to stablecoin yield provisions, such as deleting the current text's reference to "solely by holding stablecoins" and strengthening requirements for yield disclosure and risk warnings.