Wall Street and Crypto Leaders Discuss Market Structure Bill
- The Wall Street trade group SIFMA is in discussions with crypto industry leaders about the upcoming crypto market structure bill.
- Meetings were described as constructive on DeFi-related issues but inconclusive on contentious topics like yield-bearing stablecoins.
- A private meeting was held to resolve disputes over the crypto bill, which is scheduled for a Senate markup next week.
- Limited progress was made on addressing decentralized finance under the legislation, while disagreements on stablecoins and regulatory carve-outs remain unresolved.
- Intense lobbying and negotiations are expected as bipartisan support for the bill remains uncertain.
SIFMA’s engagement with crypto leaders yielded some progress on DeFi issues, though major disagreements over stablecoins persist, ahead of a Senate markup next week.
Source (3.2)https://cryptobriefing.com/sifma-in-crypto-bill-talks/?rand=59535
