Techub News reports that according to Decrypt, citing sources familiar with the matter, the Wall Street industry group SIFMA held a closed-door meeting with cryptocurrency industry representatives on Thursday to resolve major disagreements before next week's critical Senate vote on the crypto market structure bill. The meeting made "progress" on DeFi issues. SIFMA recently opposed regulatory exemptions in the bill for certain DeFi services and developers. Additionally, SIFMA and banking industry lobbying groups are pushing to ban yield-bearing USD stablecoins. Tim Scott, chairman of the Senate Banking Committee, plans to conduct critical review of the bill on January 15.
Techub News reports that according to Decrypt, citing sources familiar with the matter, the Wall Street industry group SIFMA held a closed-door meeting with cryptocurrency industry representatives on Thursday to resolve major disagreements before next week's critical Senate vote on the crypto market structure bill. The meeting made "progress" on DeFi issues. SIFMA recently opposed regulatory exemptions in the bill for certain DeFi services and developers. Additionally, SIFMA and banking industry lobbying groups are pushing to ban yield-bearing USD stablecoins. Tim Scott, chairman of the Senate Banking Committee, plans to conduct critical review of the bill on January 15.