The U.S. Senate Banking Committee is about to review and amend the Crypto Market Structure Act, with over 130 amendments already received. These amendments cover a wide range of topics—some aim to completely ban the yield functions of stablecoins, some impose restrictions on public officials participating in crypto investments, and others seek to redefine the legal status of tools like mixers and roll-up services. Interestingly, members from both parties are actively involved, indicating that crypto regulation has indeed become a bipartisan concern. The key now is how these amendments will influence the final version of the bill—potentially directly determining the future trajectory of stablecoins and DeFi tools in the U.S. market.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
BackrowObservervip
· 01-17 03:34
Over 130 amendments? This is to kill off stablecoins at this rate. --- Reaching bipartisan consensus is ridiculous; this time, we really need to be careful. --- Banning yield functions? What’s left to attract people to stablecoins, it’s just absurd. --- Redefining mixers? It feels like this wave is setting a trap for privacy tools. --- Any move from the US side makes the whole world uncomfortable; it’s another signal of cutting the leeks. --- Setting limits for public officials is quite funny; how should they be judged themselves? --- With so many amendments, it seems like nothing will pass; let’s just watch for now. --- If DeFi really gets shut down, it should be moved elsewhere. --- Bipartisan agreement sounds good, but actually, it’s just pushing everyone to the brink.
View OriginalReply0
ContractSurrendervip
· 01-16 21:30
130 amendments? These guys are treating crypto like a legislative competition, each one more aggressive than the last... --- Banning yield functions? Then what's the point of stablecoins? These lawmakers really know how to stir the pot. --- Both parties are getting involved, which shows Washington is serious this time, not just going through the motions like before. --- DeFi in the US might be doomed; after these amendments, it doesn't look like there will be good days ahead. --- Wait, they also want to restrict public officials from trading cryptocurrencies? Haha, now that's the real point—cutting their own legs off. --- Mixer and rolling coin services will be redefined; the nightmare for privacy tools is coming. --- The final outcome is hard to predict; I just fear that too many compromises will turn it into a mess.
View OriginalReply0
SmartContractPhobiavip
· 01-16 11:31
130 amendments? How long is this going to go on? It feels like the US folks just want to kill stablecoins dead. Ban devices? Isn't this effectively sentencing all privacy tools to death... It's rare to see bipartisan consensus on crypto, and it doesn't seem like a good sign. Will stablecoins survive this whole US approach? It's really uncertain. I've seen through the tricks of these amendments over the past few years; the final outcome will definitely be more severe than expected. 130 amendments? Feels even more frustrating than before. It sounds like another round of "regulatory drama," but for on-chain tools, it might truly be a life-or-death situation. Public officials not allowing contact with coins—this rule is pretty extreme. So it all depends on which version they finally choose; anyway, anything said now is just pointless. Stablecoins are definitely going to get hit this time; the only question is where the cut will be.
View OriginalReply0
SadMoneyMeowvip
· 01-14 06:58
Another ban on stablecoin yields? These people are really getting more ruthless each time. 130 amendments piled up there, it seems the final compromise plan is inevitable, don't expect much. The day mixers are defined as illegal tools, privacy coins will take off. The two parties are united externally, but in reality, they are each doing their own thing. After this US approach, Asia's DeFi ecosystem might actually benefit.
View OriginalReply0
RektRecordervip
· 01-14 06:57
130 amendments, are they trying to kill stablecoins? Americans really know how to stir things up. Ban on earning yields, restrictions on public officials, redefinition of mixers... everyone wants a piece. If this bill passes, let's just sit back and watch the show. The two parties working together on crypto shows they really take this seriously, but what finally comes out is really hard to say. DeFi might really cool off in the US, but if the US cools down, there are other places. Right now, it's all about how the Senate will handle these 130 amendments. Feels like it's going to be a huge disappointment.
View OriginalReply0
FOMOSapienvip
· 01-14 06:56
130 amendments? These people are really bored, banning stablecoin yields, restricting public officials from investing... It feels like they want to block our path from every angle. Instead of arguing with each other, it's better to come out with a reliable version sooner. Being left hanging like this is the most uncomfortable. This time DeFi is really on the line, praying it doesn't get messed up too badly. Both parties are eyeing this issue now, it seems that crypto has indeed become a hot topic. There are already 130 versions, and the final bill might be unrecognizable, but maybe all this fussing will actually help craft a relatively balanced outcome? These lawmakers are just here tinkering and patching, and how they ultimately define stablecoins and mixers is really a suspense.
View OriginalReply0
not_your_keysvip
· 01-14 06:50
130 amendments... Just hearing about it gives me a headache. They want to ban stablecoin yields and restrict public officials from trading cryptocurrencies. It really feels like American politicians are panicking. Is there still hope for stablecoins? After all these changes, Both parties are busy blocking DeFi, I really can't keep up haha. Ultimately, it depends on how they decide to tinker at the end. Anyway, once US regulations come out, the whole world will be trembling. Are mixers being redefined? Basically, they want to ban privacy tools. How many of these amendments will actually pass? It all seems like just a show. The US really has the ambition to completely kill stablecoins. This is getting troublesome. With so many amendments counteracting each other, in the end, nothing might change. It's a showdown—politicians simply don't understand what DeFi is doing, so they start banning everything randomly.
View OriginalReply0
New_Ser_Ngmivip
· 01-14 06:41
130 amendments? How are they supposed to review this? It feels like they're sentencing stablecoins to death. The ban on yield functions is a bit harsh, but I think the restriction on public officials' investments makes sense. It's rare to see bipartisan agreement in the US, which shows they really take crypto seriously.
View OriginalReply0
  • Pin