Svmuu News: Alex Thorn, Head of Research at Galaxy, posted on X stating that although U.S. Senate Banking Committee Chairman Tim Scott has not yet announced a new hearing date, since the Senate is in recess next week, the earliest the Banking Committee could reconvene for the amendment hearing would be the week of January 26–30. The Senate Agriculture Committee, which oversees CFTC-related matters, had previously postponed its amendment hearing to January 27. Tim Scott had previously announced the postponement of the hearing on the Crypto Market Structure Act, and it is reported that the issue of stablecoin yields is a key sticking point in the negotiations. Banking lobby groups are actively pushing to limit stablecoin rewards, fearing that interest-bearing stablecoins could siphon off bank deposits and undermine the stability of the banking system. The compromise proposal put forward to secure lawmakers’ support was ultimately deemed unacceptable by the stablecoin industry, with some viewing the issue as a matter of survival. Other unresolved issues include restrictions on DeFi and illicit activities, as well as limitations on innovations in tokenized securities.