Svmuu News: With the Senate Banking Committee hearing approaching, U.S. crypto legislation has entered the "home stretch." Currently, more than 70 amendments have been proposed for the bill, and disagreements over stablecoin yields and DeFi regulation are rapidly intensifying, with the crypto industry, banking lobby groups, and consumer protection organizations all weighing in.The Senate is set to amend and vote on the bill on Thursday. The bill aims to clarify the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), define the nature of digital assets, and introduce new disclosure requirements.Committee Chairman Tim Scott released the 278-page bill text on Monday, after which lawmakers from both parties submitted a large number of amendments. Some of these proposals involve granting the Treasury Department the authority to impose sanctions on the “distributed application layer,” while others focus on stablecoin yield issues, which have become the most contentious point at present. Coinbase CEO Brian Armstrong stated that his initiative, Stand With Crypto, will score Thursday’s amendment vote, noting that it will test whether senators “stand with bank profits or stand with consumer rewards.” Industry insiders point out that while the bill still has momentum, its ultimate outcome remains highly uncertain.