Senate Banking Committee Advances Crypto Bill Permitting Stablecoin Rewards
January 13, 2026 | By Lydia Beyoud, Yash Roy, and Olga Kharif
In a significant development for the digital asset industry, the Senate Banking Committee has released a bipartisan manager’s amendment to a much-anticipated cryptocurrency market structure bill. The amendment, unveiled late Monday ahead of a scheduled markup session on Thursday, proposes to allow many digital-asset companies to continue offering rewards to customers who hold stablecoins.
Stablecoins—digital tokens pegged to traditional currencies such as the U.S. dollar—have become central to the crypto ecosystem, facilitating seamless transactions and often carrying lower volatility compared to other cryptocurrencies. Reward programs linked to stablecoin holdings have been a popular incentive offered by various crypto platforms to attract and retain users.
The proposed legislation reflects a growing recognition by lawmakers of the need to balance innovation in financial technology with consumer protection and regulatory oversight. By explicitly permitting rewards on stablecoin holdings, the Senate Banking Committee’s amendment aims to provide clarity to the industry and stakeholders who seek regulatory certainty amidst evolving crypto market dynamics.
The bipartisan nature of the amendment signals a shared interest across party lines to address cryptocurrency’s regulatory challenges thoughtfully. The upcoming markup session will further refine the bill before it advances to the Senate floor for consideration.
As the global financial landscape increasingly integrates digital assets, measures like these represent crucial steps toward establishing a coherent regulatory framework that supports innovation while safeguarding market integrity.
Bloomberg will continue to monitor developments related to the bill and the broader regulatory environment surrounding cryptocurrencies and stablecoins.