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U.S. senators introduce more than 75 amendments to the crypto regulation bill
- Lawmakers proposed more than 75 amendments to the crypto market structure bill.
- The changes address stablecoin yields, DeFi, and ethical restrictions.
U.S. senators have prepared more than 75 amendments to the cryptocurrency market structure bill ahead of key hearings at the U.S. Senate Banking Committee.
The amendments cover more than 100 issues and were submitted by both Democrats and Republicans. Debate and voting are scheduled for this week.
What is proposed to change
Among the proposals are a complete ban on yields for payment stablecoins, adjustments to reporting and risk-assessment requirements, and revised language concerning crypto mixers and anonymization services. Several amendments directly affect sections of the bill related to decentralized finance (DeFi).
Separate initiatives aim to restrict government officials from profiting from activities linked to digital assets and to expand financial disclosure requirements.
Political divisions
Some amendments have received bipartisan support, but major disagreements remain over ethical standards. Democrats have previously pointed to a potential conflict of interest involving U.S. President Donald Trump and his family’s crypto-related business activities.
At the same time, not all of these concerns are directly reflected in the submitted amendments. Typically, most proposals are filtered out during discussions and do not make it into the final version of the law. The final text will be shaped after committee votes and further bipartisan negotiations.
The outcome of the current hearings will determine which provisions on stablecoins, DeFi, and anti-corruption restrictions advance to the next stage of the legislative process.
See also: "Losses from cryptocurrency thefts reach a record $4 billion"
