Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would change section 4(a) of the bill to prohibit certain payments.
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It would prevent any permitted payment stablecoin issuer, foreign payment stablecoin issuer, or their affiliate from paying any form of interest or yield to a holder.
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This prohibition covers payments made in cash, tokens, rewards, or other consideration related to holding, using, or retaining a payment stablecoin.
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The primary Federal payment stablecoin regulators would create rules to implement this prohibition.
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These rules must include the identification of activities or transactions that fall outside the scope of the prohibition.
- 6/5/2025
- Senate amendment submitted
This bill has no cosponsors