
Private talks between SIFMA, DeFi advocates, and crypto firms have yielded progress on contentious DeFi regulation clauses ahead of the Senate Banking Committee’s review next week.
The Senate is advancing its bipartisan crypto market structure bill, following a private SIFMA-led meeting with DeFi and crypto representatives to address disputes over decentralized finance regulation. Progress was reported on contested DeFi clauses, with the Senate Banking Committee scheduled to review the bill next week. The legislation also seeks to resolve differences over stablecoin yield provisions and ethics rules for senior officials before moving toward a full Senate vote.