The Senate bipartisan group tends to adjust the GENIUS stablecoin yield rules, and the CLARITY Act is about to advance

Sources reveal that bipartisan senators are gradually accepting the banking industry's lobbying group's request to adjust the stablecoin yield rules in the GENIUS Act.

The related adjustment paths include: adopting the proposal put forward by Senator Alsobrooks, which limits yields to the transaction stage (more supported by Democrats); or requiring that only institutions holding a bank charter from the Office of the Comptroller of the Currency (OCC) can offer stablecoin yields, the latter being considered more friendly to certain parts of the crypto industry, but controversial in the DeFi space. Additionally, it is reported that Scott is expected to submit the House version of the CLARITY Act as a placeholder text tonight to initiate the review process next week, with the formal text needing to be submitted by midnight on Monday at the latest. Furthermore, industry insiders involved in communications with Senate staff have indicated that the previous notion of "needing to pray for the bill to pass" was more of a light-hearted joke rather than a pessimistic judgment on the legislative prospects, and the final direction may gradually become clearer in the coming days.