More than 100 amendments filed targeting stablecoins, ethics and DeFi ahead of Senate Banking Committee Clarity Act vote

Ahead of a critical Senate Banking Committee markup, lawmakers have filed over 100 amendments to the 'Clarity' crypto market structure bill. Key areas of contention include the treatment of stablecoin yield payments, potential bans on central bank digital currencies (CBDCs), and regulatory approaches to decentralized finance (DeFi). A major focus has shifted toward ethics provisions, as senators debate whether to restrict digital asset ownership or promotion by federal officials, including the President, following concerns about potential conflicts of interest. While the bill has garnered support from industry groups like the Blockchain Association and Coinbase, it continues to face opposition from the banking sector regarding stablecoin provisions.

(Source：The Block)