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Senate Crypto Bill Targets Stablecoin Yield, DeFi Protections

Senate Crypto Bill Targets Stablecoin Yield, DeFi Protections

Author:

Global Cryptocurrency

Published:

2026-01-13 14:05:02

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BTCCSquare news:

The U.S. Senate unveiled a midnight draft of its crypto market structure bill, signaling tighter restrictions on payment stablecoins while preserving some DeFi provisions. Digital asset service providers—including exchanges and custodians under the GENIUS Act definition—are now explicitly barred from offering yield solely for holding stablecoins. Transaction-based rewards remain permissible under Senator Alsobrooks' compromise.

Legislators appear intent on protecting traditional banking models while curtailing passive crypto income streams. The bill's rapid progression toward Thursday debates leaves minimal review time for industry participants, with amendment deadlines set for Tuesday evening.

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