【BitTui】Currently, bipartisan members of the U.S. Senate are gradually accepting the demands of banking industry lobbying groups and considering adjustments to the rules regarding stablecoin yields in the GENIUS Act. What specifically will change? There are two approaches on the table.
One is the proposal put forward by Senator Alsobrooks — limiting yields to the transaction stage, an approach that Democratic lawmakers are relatively receptive to. The other approach is more stringent, requiring that only institutions holding banking licenses from the Office of the Comptroller of the Currency (OCC) can offer stablecoin yields. This is somewhat more favorable for certain players in the crypto industry, but has sparked considerable controversy within the DeFi community.
There have also been new developments on the timeline. Scott plans to submit the text version of the CLARITY Act to the House tonight as a placeholder text to initiate the review process next week. The deadline for the formal text is before midnight on Monday, and the pace is indeed accelerating.
An industry insider who participated in communications with Senate staff revealed an interesting detail — the previous statement that “you need to pray for the bill to pass” was actually more of an industry joke and doesn’t represent genuine views on the legislative prospects. On the contrary, there is widespread sentiment that the ultimate direction should become gradually clearer in the coming days.
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Сенат США продвигает законопроект о стабильных монетах, банковские лоббистские группы добиваются изменений в правилах доходности
【BitTui】Currently, bipartisan members of the U.S. Senate are gradually accepting the demands of banking industry lobbying groups and considering adjustments to the rules regarding stablecoin yields in the GENIUS Act. What specifically will change? There are two approaches on the table.
One is the proposal put forward by Senator Alsobrooks — limiting yields to the transaction stage, an approach that Democratic lawmakers are relatively receptive to. The other approach is more stringent, requiring that only institutions holding banking licenses from the Office of the Comptroller of the Currency (OCC) can offer stablecoin yields. This is somewhat more favorable for certain players in the crypto industry, but has sparked considerable controversy within the DeFi community.
There have also been new developments on the timeline. Scott plans to submit the text version of the CLARITY Act to the House tonight as a placeholder text to initiate the review process next week. The deadline for the formal text is before midnight on Monday, and the pace is indeed accelerating.
An industry insider who participated in communications with Senate staff revealed an interesting detail — the previous statement that “you need to pray for the bill to pass” was actually more of an industry joke and doesn’t represent genuine views on the legislative prospects. On the contrary, there is widespread sentiment that the ultimate direction should become gradually clearer in the coming days.