URGENT NEWS — DEVELOPING STORY ⚡📢
New York City, 02:28 AM (ET)
A newly surfaced Senate draft bill is sending shockwaves through the crypto industry, as lawmakers propose sweeping restrictions that could ban yield‑bearing stablecoins, limit tokenized equities, and impose far‑reaching DeFi oversight — sparking intense concern across digital‑asset markets 🚨💱.
According to a report, the legislation would prohibit firms from offering yields or interest solely for holding payment stablecoins, a move critics warn could cripple key stablecoin utilities and undermine DeFi protocols dependent on passive returns.
Simultaneously, industry leaders argue that the bill includes provisions affecting tokenized equities and introduces expanded surveillance measures on crypto transfers, further heightening alarm among developers and exchanges. [finance.yahoo.com]
In addition to yield restrictions, a separate draft — the Digital Asset Market Clarity Act — outlines new rules placing DeFi under dedicated federal oversight for the first time, with stablecoin reward limitations permitting incentives only when tied to transactions or active on‑chain usage 📊⚖️.
This marks a significant shift in regulatory posture and represents the most extensive attempt yet to redefine federal authority over decentralized platforms. [coincentral.com]
As negotiations intensify on Capitol Hill, the crypto sector remains on edge, warning that the proposed frameworks could reshape the U.S. digital‑asset landscape, limit innovation, and push emerging projects offshore 🌐🔥.
Industry advocacy groups are now mobilizing rapidly as this front‑page news alert continues to unfold in real time.
#️⃣ #CryptoRegulation #StablecoinBan #DeFiAlert #MarketShock 🚨📉