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 🚨💱.
$FIL 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.
$INJ 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 📊⚖️.
$B3
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 🚨📉