US senators have submitted over 130 amendments, with stablecoin yields and DeFi becoming the focus.

US senators have submitted over 130 amendments to the upcoming debate on the Crypto Markets Structure Act this week. These amendments cover stablecoin yield rules, DeFi provisions, restrictions on public officials' involvement in crypto activities, and adjustments to the definitions of digital asset mixers and blenders. The amendments were jointly proposed by Democratic and Republican senators. The Senate Banking Committee will hold a meeting this Thursday to discuss the amendments and vote on their inclusion in the bill, followed by a vote on whether to proceed with legislation. Some amendments show bipartisan support, including proposed changes to stablecoin yield provisions, such as removing phrases like "solely for holding stablecoins" from the current text and strengthening yield disclosure and risk warning requirements. (CoinDesk)