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>>The new Crypto Market Structure Bill triggers immediate private discussions among sector leaders and conventional finance.

The new Crypto Market Structure Bill triggers immediate private discussions among sector leaders and conventional finance.

crypthub

1 day ago

Urgent Private Meeting

On Jan 10, 2025, Andreessen Horowitz, the DeFi Education Fund and SIFMA met privately in Washington. The session preceded the Senate’s Jan 15 markup of the Financial Innovation and Technology for the 21st Century Act. Stakeholders aimed to influence DeFi and stablecoin rules, yet no consensus was reached.

Core Regulatory Issues

The bill classifies digital assets as commodities or securities and proposes oversight for DeFi platforms. It also contains language that could ban yield‑bearing stablecoins to curb systemic risk. Crypto firms fear stifling innovation, while SIFMA pushes for traditional securities protections.

Potential Impact and Timeline

Experts warn the five‑day window before markup leaves little time to settle deep‑rooted debates. A restrictive outcome could force issuers like Circle and Tether to revamp products, affecting billions in DeFi. A balanced framework could keep the US competitive and set an informal global standard.