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U.S. senators have filed over 75 amendments ahead of this week’s crypto market structure legislation hearing, according to a document obtained by CoinDesk.
The amendments would tackle stablecoin yield, DeFi sections, government corruption, and software developer protections. Some proposals range from prohibiting stablecoin yields entirely to blocking public officials from profiting from crypto interests.
Senator Chris Van Hollen proposed an anti-corruption provision and an anti-touting requirement mandating disclosure of financial interests.
A Democratic aide said negotiations around ethics are still happening, with no agreement reached yet.
Senator Lisa Blunt Rochester raised concerns over quorum requirements, pointing to bipartisan issues at the SEC and CFTC, which are currently run solely by Republicans.
Amendments were filed by senators from both parties, including Elizabeth Warren, Raphael Warnock, Cynthia Lummis, Tim Scott, and others.
The proposed changes will be discussed in the Senate Banking Committee hearing, marking a key moment for U.S. crypto regulation.

U.S. senators have introduced more than 75 proposed amendments to major cryptocurrency bills just days before a critical hearing scheduled for this week, according to legislative documents.
The amendments span a wide range of issues—from an outright ban on stablecoin yields, to restrictions preventing government officials from profiting from crypto investments, as well as changes to how digital asset mixing services are classified. Proposals have been submitted by lawmakers from both major political parties.

Markup Session Set for Thursday
The Senate Banking Committee will meet on Thursday for a markup session, during which lawmakers will debate the proposed amendments, vote on whether to adopt or reject them, and then decide whether the main bill should advance. A similar session planned by the Senate Agriculture Committee has been postponed until late January.
The Banking Committee’s base text was released shortly before midnight on Monday. Since then, lawmakers and industry representatives have been closely scrutinizing the details.

Some Bipartisan Support, Especially on Stablecoins
Several amendments have drawn bipartisan backing. Senators Thom Tillis and Angela Alsobrooks jointly introduced three proposals, two of which focus on stablecoin rewards. One would remove the word “exclusively” from language stating that a digital asset service provider “may not pay any form of interest or yield (whether in cash, tokens, or other consideration) exclusively in connection with holding a payment stablecoin.”
Their other proposal would revise reporting requirements and introduce risk-disclosure obligations for yield payments. Additional amendments also target the stablecoin rewards section, with some seeking to eliminate yield payments entirely.
As is typical during congressional markup sessions, most proposed amendments are not expected to pass. Many may also be withdrawn following negotiations, meaning only a small subset is likely to make it into the final bill.

Ethics Concerns Remain Unresolved
It remains unclear whether lawmakers have resolved ethical concerns raised earlier by Democrats. Central to the dispute are questions surrounding President Donald Trump’s and his family’s ties to the cryptocurrency industry, which Democrats formally outlined in a document released last fall.
While Senator Ruben Gallego has reportedly been involved in negotiations over ethics provisions, none of the amendments attributed to him appear—based on their descriptions—to directly address those issues.
Senator Chris Van Hollen introduced a proposal calling for “anti-corruption provisions,” along with another amendment requiring disclosure of financial interests, labeled an “anti-propaganda requirement.”
A Democratic staffer said Tuesday evening that discussions on ethics are ongoing but that no agreement has yet been reached, describing ethics as “one of the few remaining points of contention” in the talks.

Disputes Over Regulator Appointments
Another flashpoint involves the composition of key regulatory bodies. Senator Lisa Blunt Rochester proposed amendments related to quorum requirements, reflecting Democratic concerns that President Trump has not appointed any Democrats to commissions that are legally intended to be bipartisan.
These concerns focus on the Securities and Exchange Commission and the Commodity Futures Trading Commission, both of which currently have only Republicans in leadership roles.

Who Submitted the Amendments
Democratic senators submitting amendments before Tuesday’s deadline include Gallego, Alsobrooks, Blunt Rochester, Jack Reed, Andy Kim, Raphael Warnock, Catherine Cortez Masto, Elizabeth Warren, and Van Hollen.
On the Republican side, proposals were submitted by Tillis, Mike Rounds, Bill Hagerty, Pete Ricketts, Katie Britt, John Kennedy, Cynthia Lummis, Kevin Cramer, and Tim Scott.
The coming days will determine which of the dozens of amendments survive and what the final shape will be of one of the most consequential crypto bills in years.

#CryptoRegulation , #USsenate , #Stablecoins , #SEC , #CFTC

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A newly introduced U.S. Senate bill places stablecoin rewards at the heart of an escalating dispute between traditional banks and the crypto industry. The proposed legislation aims to establish clear and transparent rules for digital asset operations, particularly addressing how users may earn returns on their stablecoin holdings.

Senator Tim Scott Brings New Bill to the Table
According to well-placed sources, Senator Tim Scott – Chair of the Senate Banking Committee – has submitted a bipartisan draft of the bill, set for discussion on January 15. Known as the "Market Structure Bill," it is expected to spark heated debate and may proceed to a committee vote.
The draft clearly prohibits paying interest on merely holding stablecoins. However, it does allow platforms to issue rewards for users who engage in specific activities such as:
🔹 Payment processing

🔹 Staking

🔹 Providing liquidity

🔹 Offering collateral

Controversial Compromise: Coinbase Threatens Withdrawal
The compromise language was largely shaped by Democratic Senator Angela Alsobrooks, who proposed that exchanges like Coinbase may issue returns to users only when they perform certain actions—such as selling their stablecoins. Passive holding, however, would not qualify for any rewards.
Coinbase has warned that if lawmakers go beyond enhancing disclosure rules and begin tightening restrictions on loyalty or reward programs, the company may withdraw its support for the bill. Crypto companies argue that some banks are leveraging the legislation to suppress competition.

GENIUS Act Under Fire
Meanwhile, banking groups have criticized the GENIUS Act, passed in July 2025, for creating loopholes that allow platforms to offer interest-like returns without proper oversight. They argue this introduces new systemic liquidity risks.
The stablecoin regulation debate is emerging as a defining battle in the digital asset space—highlighting a growing clash between traditional finance and crypto innovators.

Wyden–Lummis Proposal Included
The bill also incorporates a bipartisan proposal from Senators Ron Wyden and Cynthia Lummis, both known for their balanced stance on crypto regulation. Their contribution could help shape a more moderate path forward—at least temporarily.

#Stablecoins , #CryptoRegulation , #USsenate , #DigitalAssets , #CryptoNews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Senate recently unveiled the Digital Asset Market Clarity Act, a bipartisan effort aimed at defining how digital assets are treated in the United States. It caught my attention for the clarity it brings to a space that often feels uncertain, where builders and users navigate complex and shifting regulations. The draft attempts to draw lines between digital commodities and ancillary assets, offering clearer guidance on the roles of the SEC and CFTC.
A notable feature of the proposal is its exemption for major tokens like Bitcoin, Ethereum, and Solana from additional filings, provided they are listed in exchange-traded products by January 1, 2026. This approach seems designed to reduce friction for established cryptocurrencies while still allowing regulators to focus on emerging or high-risk assets. It also acknowledges the growing importance of DeFi protocols and self-custody solutions, offering protections for individuals managing their own wallets.
The draft further allows banks to custody and stake digital assets, with certain safeguards in place. This provision highlights the increasing institutional interest in blockchain technology, bridging traditional finance with decentralized systems. At the same time, the bill bans passive stablecoin interest to protect bank deposits, reflecting a careful balancing act between innovation and financial safety. It is interesting to observe how policymakers are trying to navigate these competing priorities while keeping the ecosystem open for experimentation.
Reactions to the draft show the challenges of achieving consensus. Senator Cynthia Lummis emphasized the thousands of hours of bipartisan work, underscoring a commitment to thoughtful regulation. Yet some lawmakers, including Senator Elizabeth Warren, expressed concern that oversight might be weakened, highlighting ongoing debates about how to maintain investor protection without stifling innovation. The bill is now heading to a markup session Thursday, with calls for additional review and careful consideration.
Overall, the draft feels like a measured attempt to provide structure without overreach. For participants in the crypto ecosystem, it signals a moment of recognition that digital assets are becoming an integral part of financial markets. Observing the conversation around this legislation reinforces the sense that regulation, when approached thoughtfully, can coexist with growth and experimentation. It is a reminder that patience and attentiveness are key in understanding the long-term evolution of the space.

#DigitalAssets #USsenate #CPIWatch #CryptoNews #volatility
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