Over 75 Amendments Proposed for Crypto Bill Ahead of Senate Hearing
More than 75 amendments have been introduced to a major cryptocurrency bill just days before a critical Senate Banking Committee markup session. The proposals span a wide spectrum, including a complete ban on stablecoin yields and restrictions on government officials' crypto investments. Bipartisan support emerges for several changes, with Senators Thom Tillis and Angela Alsobrooks jointly proposing three amendments—two targeting stablecoin reward provisions.
The Thursday markup session will determine which amendments advance, with potential implications for digital asset mixing services and broader regulatory frameworks. Meanwhile, the Senate Agriculture Committee has delayed its parallel review until late January, creating a staggered legislative process.
Market participants are scrutinizing the bill's language, particularly a proposed removal of the word "solely" from restrictions on yield-bearing stablecoin products. This semantic shift could significantly impact how service providers structure their offerings in the $160B stablecoin market.
