Members of the Senate Banking Committee submit more than 100 amendments to the crypto bill

A leaked list obtained by POLITICO shows that members of the U.S. Senate Banking Committee have submitted more than 100 amendments to the Crypto Market Structure Bill considered on Thursday. These amendments mainly concern stablecoin gains, software developer protection and ethical provisions. Among them, Democratic Senators Jack Reed and Tina Smith proposed to strengthen the ban on interest on stablecoins; Chris VanHollen suggested prohibiting the president, members of Congress and their families from holding or associating cryptocurrencies; and Catherine CortezMasto proposed setting up safe havens for software developers to evade criminal liability. In addition, Andy Kim proposed re-establishing the Department of Justice's National Cryptocurrency Enforcement Team. The bill aims to clarify the jurisdiction of regulators over cryptocurrencies.