130+ Amendments voting this Thursday, a critical moment for US and Canadian crypto regulation framework

The U.S. Senate is accelerating the development of a regulatory framework for the crypto market. Over 130 amendments have been submitted and will be reviewed and voted on by the Senate Banking Committee this Thursday (January 16). These amendments cover multiple dimensions such as stablecoin yields, DeFi provisions, conflicts of interest for public officials, and more. They have been jointly proposed by Democratic and Republican senators, reflecting a gradual consensus on industry regulation.

Core Concerns of the Amendments

Stablecoin Yield Rules Become the Primary Focus

The stablecoin yield provisions are a key focus of the amendments. According to the latest news, the amendments propose removing the current language in the bill related to “solely holding stablecoins” and strengthen disclosure and risk warning requirements. This adjustment indicates that regulators are refining the boundaries of stablecoin definitions, attempting to distinguish between “mere holding” and “yield generation” in legal terms, creating clearer rules for compliant stablecoin applications.

Multidimensional Regulatory Adjustments

These multidimensional characteristics of the amendments reflect the systematic thinking of U.S. regulators in advancing the crypto market structure bill, aiming to balance investor protection, risk prevention, and innovation promotion.

Deep Implications of Bipartisan Cooperation

Consensus and Divergence Coexist

Some amendments show bipartisan support, which is uncommon in the typically opposing Democratic and Republican parties. This phenomenon indicates that on the issue of crypto market regulation, both parties have reached a basic consensus—that a clear regulatory framework is needed—but there are still disagreements over its specific content.

Representation of Different Stances

According to relevant information, Senator Warren (Democrat) focuses on conflicts of interest and investor protection. She recently sent a letter demanding a suspension of the bank license application for World Liberty Financial (WLFI) until related parties divest their holdings. Meanwhile, Senator Lummis (Republican) introduced the “Blockchain Regulatory Certainty Act,” aimed at protecting developers from remittance license requirements. This reflects the different regulatory philosophies of the two parties: Democrats emphasize risk control and conflicts of interest, while Republicans prioritize innovation protection and developer rights.

Impact of Thursday’s Review

Key Milestone in the Legislative Process

The Senate Banking Committee will discuss and vote on these 130+ amendments this Thursday to decide whether to incorporate them into the bill. Subsequently, a vote on whether to advance the legislation will be held. This step is crucial because it will directly determine which amendments are ultimately included, influencing the overall crypto market regulatory framework.

Possible Market Reactions

According to industry analysis, a clear regulatory framework typically reduces market uncertainty and may encourage institutional investor participation. Reports indicate that the stablecoin legislation passed in 2025 helped push the industry market cap beyond $315 billion. If the crypto market structure bill progresses smoothly, it is expected to have a positive impact on market sentiment.

Summary

U.S. crypto market regulation is at a critical stage of moving from chaos to clarity. The submission of over 130 amendments and the review this Thursday mark substantial progress in developing the regulatory framework. Amendments related to stablecoin yields, DeFi provisions, conflicts of interest, and more demonstrate the regulators’ systematic approach. Although bipartisan cooperation faces some disagreements, a consensus is forming—that the industry needs clear rules. The outcome of Thursday’s vote will directly determine the bill’s final direction and is worth close market attention.