Senator Tim Scott, chairman of the Senate Banking Committee, previously stated that a hearing on the crypto market structure bill would be held on January 15th. However, negotiation documents show that four areas remain unresolved, with key points of contention including: 1. DeFi: The bill calls for the same level of oversight of decentralized finance (DeFi) as federally regulated financial companies, but its fundamental definition and underlying issues remain unresolved. 2. Stablecoin yields: The GENIUS bill prohibits stablecoin issuers from offering interest, but their affiliates can offer yields and customer reward programs. The banking industry believes this could threaten its core deposit business, and some Democrats want to restrict crypto yields. 3. Ethics: The bill requires prohibiting senior U.S. government officials from profiting personally from crypto activities. 4. CFTC: The Commodity Futures Trading Commission (CFTC) will play a leading role in cryptocurrency regulation, but the bipartisan representation within the CFTC needs to be carefully considered. (CoinDesk)