CoinWorld reports that Wu said on Twitter that the Wall Street industry organization SIFMA and representatives from the crypto industry held a closed-door meeting on Thursday to coordinate disagreements over the Senate's Crypto Market Structure Act. The two sides made "progress" on DeFi regulatory exemptions, but disagreements remain on issues such as yield-bearing stablecoins. Senate Banking Committee Chairman Tim Scott plans to conduct a key revision review next Thursday, and the bill needs bipartisan support to move forward.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
CoinWorld reports that Wu said on Twitter that the Wall Street industry organization SIFMA and representatives from the crypto industry held a closed-door meeting on Thursday to coordinate disagreements over the Senate's Crypto Market Structure Act. The two sides made "progress" on DeFi regulatory exemptions, but disagreements remain on issues such as yield-bearing stablecoins. Senate Banking Committee Chairman Tim Scott plans to conduct a key revision review next Thursday, and the bill needs bipartisan support to move forward.