The Senate Banking Committee is set to review over 100 amendments to a crypto market structure bill during a markup session on Thursday. The amendments, revealed in a leaked list, focus on stablecoins, software developer protections, and ethics provisions. Key proposals include an amendment by Democratic senators Jack Reed and Tina Smith to strengthen interest yield prohibitions, and another by Chris Van Hollen introducing ethics rules for government officials regarding crypto involvement.
The bill, which aims to define regulatory oversight of the crypto market, has faced sharp divisions. The House passed its version, the CLARITY Act, in July, but disagreements persist over stablecoin regulations and government officials' roles in crypto. The Senate Banking Committee, with a Republican majority, requires bipartisan support to advance the bill, which has been contentious due to unresolved issues around stablecoin yields and regulatory provisions.
Senate Banking Committee Considers Over 100 Amendments to Crypto Bill
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