Odaily Planet Daily News: According to sources, bipartisan senators are gradually accepting requests from banking lobbyists to adjust stablecoin yield rules in the GENIUS Act. The adjustment pathways include: adopting the plan proposed by Senator Alsobrooks, which limits yields to the trading segment (more supported by Democrats); or requiring only institutions holding banking licenses from the Office of the Comptroller of the Currency (OCC) to provide stablecoin yields, which is considered more friendly to parts of the crypto industry but more controversial in the DeFi sector.
Additionally, sources indicate that Scott is expected to submit the House version of the CLARITY Act as placeholder text tonight to initiate next week’s review process, with the formal text needing to be submitted by midnight Monday at the latest.
Industry insiders who have communicated with Senate staff also stated that the previous rhetoric of “needing to pray for the bill to pass” was more of a lighthearted joke rather than a pessimistic judgment of the legislative outlook, with the final direction likely to become gradually clearer in the coming days.