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The Senate Banking Committee will hold an official revision review of the "Clarity Act" on Thursday.
The final text of the relevant provisions is expected to be published before the meeting, and legislators must submit amendments by the deadline.
Previously, the initial review was temporarily halted due to opposition from industry figures such as Coinbase CEO Brian Armstrong regarding the stablecoin yield provisions.
Currently, major crypto institutions like Coinbase generally accept the new draft, but some banks serving retail clients are still sending letters to the Senate through industry associations, requesting further tightening of the "interest-like deposit" space for stablecoins to prevent depositors from migrating.
Meanwhile, some Democratic lawmakers, dissatisfied with clauses related to potential conflicts of interest involving Trump and his family in crypto, may vote against the bill at the committee stage, resulting in party-line approval within the committee but facing uncertainty in garnering bipartisan support later in the full chamber.