The US Senate is bipartisan in favor of adjusting the GENIUS stablecoin yield rules.

On January 10, sources revealed that bipartisan senators in the Senate are gradually accepting the banking industry's lobbying group's demands to adjust the stablecoin yield rules in the GENIUS Act. The related adjustment paths include: adopting the proposal put forward by Senator Alsobrooks, which limits yields to the transaction stage (more supported by Democrats); or requiring that only institutions holding a bank license from the Office of the Comptroller of the Currency (OCC) can offer stablecoin yields, the latter being considered more friendly to some parts of the crypto industry but highly controversial in the DeFi field. In addition, sources said Scott is expected to submit the House version of the CLARITY Act as placeholder text tonight to initiate the review process next week, with the official text needing to be submitted by midnight Monday at the latest.

Another industry insider who communicated with Senate staff said that the previously mentioned "needing to pray for the bill to pass" was more of a lighthearted joke rather than a pessimistic judgment on the legislative prospects, and the final direction may gradually become clear in the coming days.