2026-01-09 01:23:51

This Thursday, the main lobbying organization on Wall Street, SIFMA, held a closed-door meeting with representatives from the crypto industry to negotiate key disagreements in the U.S. Crypto Market Structure Act, making progress on DeFi-related provisions.

Recently, SIFMA opposed certain regulatory exemption clauses for DeFi protocols and developers in the bill. They also teamed up with banking lobbying groups to attempt to include restrictions on yield-bearing USD stablecoins in the legislation. On the other hand, crypto industry representatives are working to persuade the other side to soften their stance in hopes of preserving the hard-won bipartisan cooperation.

Time is becoming tight. Chairman Tim Scott of the Senate Banking Committee plans to push for bill review next week. Industry consensus is that if the bill cannot garner bipartisan support in the committee stage, it will be very difficult to move to a full Senate vote. This bill is seen as an important piece of legislation to redefine the U.S. crypto regulatory framework, but the final outcome remains uncertain.

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Degen4Breakfast

· 01-12 01:24

Wall Street is stirring again; there will definitely be a fight over stablecoins. DeFi exemption has only made so much progress; it still feels like we're being held back. See the real showdown next week—can bipartisan cooperation hold up? I'm a bit worried. What exactly is Tim Scott's stance? Will he really push forward?

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ShadowStaker

· 01-11 18:11

ngl the defi exemptions were always the real battleground here... banking lobby doing what they do best, honestly expected worse

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ETHmaxi_NoFilter

· 01-10 20:49

Is this another set? Wall Street folks still want to trap us; there will definitely be compromises on stablecoins. --- Party cooperation? Dream on, it will be clear next week. --- Any progress on the DeFi exemption clause? I think the banks want to take it all. --- Tim Scott will act next Monday; there should be big news this weekend. --- Basically, it's a power game; we have once again become pawns. --- The committee can't pass the bill and can't get into the Senate; they know this well. --- Stablecoins are under scrutiny; it feels like something's going to happen. --- Closed-door meetings won't change anything; conflicting interests are just that—conflicting.

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NFTArchaeologis

· 01-10 03:34

Progress can be made even at closed-door meetings, indicating there is still room for compromise. It's just that SIFMA wants to block the DeFi exemption clause, which is an old trick... The banking system is just afraid of being bypassed.

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MercilessHalal

· 01-09 01:53

Here they go again, these guys on Wall Street always trying to choke us. The bipartisan cooperation still depends on how next week unfolds. It would be outrageous if DeFi gets suppressed.

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GamefiGreenie

· 01-09 01:53

Coming back with this again? Wall Street just wants to trap DeFi, and they also need to control stablecoins... Can bipartisan cooperation really be implemented?

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MetaMasked

· 01-09 01:51

It's those Wall Street folks causing trouble again, trying to block DeFi provisions? Really hilarious. If this passes this time, it's a miracle. How could Tim Scott's bill next Monday get bipartisan support? Bipartisan cooperation? Once the banks interfere, it's over... It happens every time. The stablecoin restriction clause is meant to be a knockout punch—pretty harsh. We'll see next week. If it fails, we'll be waiting forever again.

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TestnetScholar

· 01-09 01:51

Oh no, it's those guys on Wall Street causing trouble again. DeFi is their thorn in the side. If they cut back on stablecoins again, our profit margins will be even smaller. Let's take a gamble and hope for good news next week, but it feels uncertain... The bipartisan cooperation sounds quite rare; we'll see if Tim Scott is genuinely sincere.

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FlashLoanKing

· 01-09 01:51

It's the same old story with those Wall Street folks causing trouble, so ridiculous. --- DeFi exemption clauses are about to be cut? Banks really don't want us to have a good time. --- Partisan cooperation is hanging by a thread, it feels like it's going to fall apart. --- Next week will reveal the truth; if this bill doesn't pass, it's game over. --- Stablecoins are once again targets, yield-generating ones are hit even harder. --- Closed-door meetings... what are you all discussing behind the scenes? Just tell us already. --- Tim Scott is planning to take action this week; everyone, get ready. --- Long traders, prepare yourselves; the regulatory iron fist is coming. --- Opposition to exemption clauses is mounting; this is very unfriendly to developers. --- Partisan cooperation is almost gone; how can this bill possibly pass?

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just_here_for_vibes

· 01-09 01:49

Haha, SIFMA is causing trouble again? These traditional finance folks are just afraid DeFi will take their business. The bipartisan cooperation is really falling apart... we'll see next week. There will definitely be compromises on stablecoins; there's no way to walk away completely unscathed. Will it really pass? I bet 50 bucks it won't go that smoothly. U.S. regulation is just this tug-of-war; when will there be a definitive conclusion?

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