Mainstream financial institutions on Wall Street and the crypto industry have made new progress in negotiations. Recently, the two sides held closed-door discussions on the Cryptocurrency Market Structure Act, which is about to be voted on by the Senate. The key issues exposed industry divisions.
There is some consensus on regulatory exemption proposals in the DeFi sector, which is a good sign—indicating that the unique nature of decentralized finance is gradually being recognized. However, on the other hand, disagreements remain over the regulation of yield-bearing stablecoins, with both sides holding firm.
Currently, the chairman of the Senate Banking Committee has initiated a critical voting process, meaning the bill is officially counting down. The reality is in front of us: whether traditional finance and the crypto world can find a balance in this regulatory plan will be revealed soon. The market is waiting for this answer.
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ruggedNotShrugged
· 01-11 07:05
Is there an exemption for DeFi? What about the stablecoin yields? Still arguing about that, haha.
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WhaleWatcher
· 01-09 03:58
DeFi exemption is fine, don't talk about stablecoins anymore, it's really exhausting.
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FadCatcher
· 01-09 03:57
The stablecoin part is still being debated; typical traditional finance doesn't understand what we're doing.
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AirdropHarvester
· 01-09 03:40
Haha, we're starting to argue again. The stablecoin yield part will probably take another half day to figure out.
DeFi exemption is a bit of progress, but I think it's doubtful—Wall Street folks won't really relinquish control.
If stablecoin regulations are not unified, project teams will probably suffer even more; it all depends on how the final compromise is reached.
This bill keeps changing, so let's just wait and see. Anyway, there won't be a definitive conclusion in the short term.
It's another closed-door discussion, and the information gap is huge. Retail investors are always the last to know.
If this time they can really find a balance point, it would be a great achievement. I don't really believe it will pass smoothly.
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retroactive_airdrop
· 01-09 03:36
Damn, is the DeFi exemption finally confirmed? This is the real victory.
Mainstream financial institutions on Wall Street and the crypto industry have made new progress in negotiations. Recently, the two sides held closed-door discussions on the Cryptocurrency Market Structure Act, which is about to be voted on by the Senate. The key issues exposed industry divisions.
There is some consensus on regulatory exemption proposals in the DeFi sector, which is a good sign—indicating that the unique nature of decentralized finance is gradually being recognized. However, on the other hand, disagreements remain over the regulation of yield-bearing stablecoins, with both sides holding firm.
Currently, the chairman of the Senate Banking Committee has initiated a critical voting process, meaning the bill is officially counting down. The reality is in front of us: whether traditional finance and the crypto world can find a balance in this regulatory plan will be revealed soon. The market is waiting for this answer.