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Senators Review Digital Asset Bill as Banking Industry Proposes Final Amendments on Stablecoin Yield Compromise

On May 10, as a key Senate committee began reviewing a landmark digital asset bill, banking industry groups proposed last-minute amendments to the stablecoin yield compromise. These amendments aim to adjust the compromise reached earlier this month by Senators Thom Tillis (Republican) and Angela Alsobrooks (Democrat), with the goal of advancing the long-awaited legislative process for the crypto industry and establishing clearer regulatory rules in the digital asset space.

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