Senate Cryptocurrency Bill Hearing Delayed Again, Stablecoin Yields Become Negotiation Focus

HashBard · 2026-01-17T09:34:11+00:00

The U.S. Senate Banking Committee has postponed the hearing on the Crypto Market Structure Bill, mainly due to opposition from banking lobbying groups over stablecoin yield issues, fearing its impact on financial system stability. Although regulators have proposed a compromise, the stablecoin industry finds it difficult to accept. Other related regulatory issues remain unresolved, and future developments depend on whether all parties can reach a consensus.

HashBard

2026-01-17 09:34:11

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【Chain Wen】The push for the Crypto Market Structure Bill has cooled down. Senator Tim Scott, Chairman of the Senate Banking Committee, recently announced a delay in the relevant hearings, with the main culprit being the issue of stablecoin yields.

Bank lobbying groups have been particularly active on this matter, pressuring to restrict the reward functions of stablecoins, arguing that interest-bearing stablecoins could divert bank deposits and threaten financial system stability. To break the deadlock, regulators proposed a compromise plan, but these conditions were deemed “unacceptable” by the stablecoin industry—some even see it as a matter of life and death.

In addition to stablecoin yields, issues such as DeFi regulation restrictions, illegal activity prevention, and tokenized securities innovation remain unresolved and are still under negotiation.

What is the timetable? The Senate will be in recess next week, and the Banking Committee will not reconvene the revised hearings until the week of January 26 to 30 at the earliest. The Senate Agriculture Committee, responsible for CFTC affairs, has scheduled the revision hearing for January 27. The subsequent progress depends on whether all parties can find a new balance.

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RugPullSurvivor

· 2h ago

Yet again, another delay. Traditional banks desperately cling to stablecoin yields—it's hilarious.

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TestnetFreeloader

· 2h ago

Delayed again? These bankers are really outrageous. They're afraid stablecoins will steal business, so they just directly stifle innovation.

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NFTPessimist

· 3h ago

Postponed again? These old guys at the bank really see stablecoins as their nemesis, hilarious Wait, is DeFi still being eroded? Can't go on like this Using words like life and death, quite dramatic, indeed a battle for fate Waiting until the end of January? The industry has already lost patience What are banks afraid of? Being replaced, probably... this tactic is so old Can't take it anymore, the regulatory speed is like a snail So, do stablecoin yields really threaten them that much? Or do they just want to monopolize the pricing power

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GasGuzzler

· 3h ago

Delayed again. These bank folks really know how to play. Are they afraid stablecoins will steal business and just shut them down? I just want to see who will stand firm and win in the end.

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LiquidationWatcher

· 3h ago

Once again delayed, the banking brothers are still desperately protecting their own jobs.

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SleepyArbCat

· 3h ago

Yet again, delayed... Banks are really afraid of the small returns from stablecoins, worried that our USDC will generate interest. Laughing to death, isn't this just the most timid side of traditional finance?

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