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U.S. Senator Introduces Over 130 Amendments; Stablecoin Yields and DeFi Take Center Stage
Svmuu News: U.S. senators have submitted more than 130 amendments ahead of this week’s deliberations on the Crypto Market Structure Act, covering topics such as stablecoin yield rules, DeFi provisions, restrictions on public officials’ crypto interests, and adjustments to the definitions of digital asset mixers and tumblers. The amendments were jointly proposed by senators from both the Democratic and Republican parties. The Senate Banking Committee will hold a hearing this Thursday to discuss the relevant amendments and vote on whether to incorporate them into the bill’s text, followed by a vote on whether to move the legislation forward. Some amendments have garnered bipartisan support, including proposed changes to the stablecoin yield provisions, such as removing the phrase “solely by virtue of holding a stablecoin” from the current text and strengthening requirements for yield disclosure and risk warnings. (CoinDesk)
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