Democrats aim to tighten restrictions on stablecoin yield payments and elected officials' crypto ventures amid GOP bill rush.

Democrats are aiming to tighten restrictions on stablecoin yield payments and address issues related to elected officials' cryptocurrency ventures through a market structure bill. They presented a counteroffer to GOP negotiators in response to the Republican proposal, called the Responsible Financial Innovation Act. While Democrats accepted parts of the proposal, they argue that it fails to address their core principles released in September. The Democrats are concerned about interest or yield payments associated with cryptocurrency ventures. This negotiation aims to create a comprehensive framework for regulating the cryptocurrency market.