The U.S. Senate Banking Committee's hearing on the crypto market structure bill faces delays due to disagreements over stablecoin yield terms. Alex Thorn, head of research at Galaxy, indicated that the earliest rescheduling could occur the week of January 26–30, following the Senate's recess. Banking groups are lobbying for restrictions on stablecoin rewards, fearing they could divert bank deposits and destabilize the financial system. A proposed compromise was rejected by the stablecoin industry, which views the issue as vital to its survival. Additional unresolved matters include DeFi restrictions and tokenized securities innovations.