Svmuu News: Alex Thorn, Head of Research at Galaxy, posted on X that Tim Scott, Chairman of the U.S. Senate Banking Committee, has announced the postponement of the hearing on the Crypto Market Structure Act. It is reported that the issue of stablecoin yields is a key sticking point in the negotiations. Banking lobby groups are actively pushing to restrict stablecoin rewards, concerned that interest-bearing stablecoins could siphon off bank deposits and undermine the stability of the banking system. The compromise proposal put forward to secure lawmakers’ support was ultimately deemed unacceptable by the stablecoin industry, with some viewing the issue as a matter of survival. Other unresolved issues include restrictions on DeFi and illicit activities, as well as limitations on tokenized securities innovations. Additionally, Alex Thorn revealed that although Tim Scott has not yet announced a new hearing date, since the Senate is in recess next week, the Banking Committee could reconvene for its revised hearing as early as the week of January 26–30. The Senate Agriculture Committee, which oversees CFTC-related matters, has also previously postponed its revised hearing to January 27.