The U.S. Congress has taken new steps regarding cryptocurrency regulation. Last week, it was reported that senators have submitted over 130 amendments to the upcoming cryptocurrency market structure legislation hearing scheduled for this week. These amendments cover a wide range of issues—from a complete ban on stablecoin yields, to preventing public officials from profiting from cryptocurrency interests, to redefining digital asset mixers, among others—reflecting concerns from both the Republican and Democratic parties on this matter.

The Senate Banking Committee will hold a hearing on Thursday, during which senators will review these amendments one by one, vote on which to include in the bill, and finally decide whether to advance the entire legislation. Additionally, the Senate Agriculture Committee originally planned a similar hearing, but it has been postponed to late January. The basic text of the Banking Committee’s bill was only released at midnight on Monday, after which senators and lobbyists began carefully analyzing the various details.

Interestingly, some amendments appear to have bipartisan support. For example, two senators jointly proposed three amendments, two of which directly target provisions related to stablecoin rewards in the bill. One of their amendments is very specific—it seeks to remove the word “merely” from the original text. The current wording states: “Digital asset service providers shall not merely pay any form of interest or yield (whether in cash, tokens, or other consideration) solely because they hold and pay stablecoins.” This subtle change in wording may seem minor, but in legal terms, every word can influence how the law is enforced.