US Senators submit over 130 amendments, stablecoin yields and DeFi become focal points

ChainCatcher News: U.S. Senators have submitted over 130 amendments for this week’s upcoming debate on the Crypto Market Structure Bill. The amendments cover stablecoin yield rules, DeFi provisions, restrictions on public officials’ crypto interests, and adjustments to the definitions of digital asset mixers and blenders. The amendments have been jointly proposed by Democratic and Republican senators.

The Senate Banking Committee will hold a hearing this Thursday to discuss and vote on whether to include these amendments in the bill text, followed by a vote on whether to advance the legislation. Some amendments show bipartisan support, including proposed changes to the stablecoin yield provisions, such as removing the current language related to “holding stablecoins only” and strengthening requirements for yield disclosure and risk warnings.