[Senate Crypto Bill Reaches Critical Moment, Surge in Amendments and Intensified Lobbying Battle] Odaily Planet Daily News: As the Senate Banking Committee hearing approaches, U.S. crypto legislation has entered the 'final sprint.' The bill currently has over 70 amendments, with divisions over stablecoin yields and DeFi regulation rapidly intensifying. The crypto industry, banking lobbying groups, and consumer protection organizations are fully involved. The Senate will revise and vote on the bill on Thursday. The legislation aims to clarify the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), define the attributes of digital assets, and introduce new disclosure requirements. Committee Chairman Tim Scott released the 278-page bill text on Monday, followed by a flood of bipartisan amendments. Some proposals involve granting the Treasury Department the authority to impose sanctions on the 'distributed application layer,' while others focus on stablecoin yield issues, which have become the most contentious point. Coinbase CEO Brian Armstrong stated that the Stand With Crypto initiative he launched will score Thursday's revision vote, claiming it will test whether senators 'stand with bank profits or with consumer rewards.' Industry insiders noted that while the bill still has momentum, its ultimate trajectory remains highly uncertain.