Senate Files Over 100 Amendments Ahead of Crypto Bill Markup
US Senate Banking Committee members have proposed over 100 amendments to a major crypto market structure bill ahead of an upcoming committee markup.Summary
Members of the US Senate Banking Committee have submitted over 100 amendments to a proposed crypto market structure bill ahead of a scheduled markup session. The amendments, proposed by both Democrats and Republicans, primarily address contentious issues such as stablecoin yield restrictions, protections for software developers, and ethics requirements for government officials. A key point of contention is whether to strengthen the ban on stablecoin interest payments, while other proposals aim to protect developers from criminal liability and reinstate a specialized Justice Department cryptocurrency enforcement unit. The legislation seeks to clarify regulatory oversight, though its passage will likely require bipartisan cooperation to overcome potential procedural hurdles.
(Source：Cointelegraph)