As we wait for the text to be released, here’s a look at what’s expected to have changed since the version released four months ago. 📌New version includes the stablecoin yield compromise negotiated by @SenThomTillis and @Sen_Alsobrooks, which was among the core concerns pointed out by @coinbase CEO @brian_armstrong when he pulled support for the original markup. 📌 Another core concern was language around Section 505, the so called “tokenization section” that Armstrong said would lead to a “de facto ban on tokenized equities.” That language is now said to be in a better place, with the major exchanges backing the updated version. 📌A compromise on Section 1960 language aimed at protecting software developers from being classified as money transmitters while preserving law enforcement’s ability to pursue bad actors. 📌What could stay the same: The January version only included one or two references to ethics and conflicts of interest. Despite some committee Democrats reportedly being hesitant to back the bill without stronger ethics provisions. It remains unclear whether any new language will ultimately be added or released separately later on.(Eleanor Terrett)