Senate Committee Files Over 100 Amendments to Crypto Market Structure Bill

The US Senate Banking Committee has been working on a critical crypto market structure bill, which seeks to clarify the roles of regulatory agencies in overseeing crypto markets. As part of this effort, over 100 amendments have been filed ahead of the bill's markup session scheduled for Thursday.

These proposed changes tackle contentious issues such as stablecoin yield restrictions, protections for software developers, and government ethics rules. Democratic senators have introduced numerous amendments, while Republicans have focused on more targeted adjustments.

The bill remains under intense scrutiny after a prior markup was delayed in January when major crypto lobbying group Coinbase withdrew its support. The legislation's progress is expected to shape the regulatory framework for digital assets in the US for years to come.