Market Structure Legislation
Big banks want to freeze innovation. History says that’s a mistake
The fight over stablecoin yield is less about protecting consumers and more about protecting banking incumbents, argues Bill Hughes, Senior Counsel and Director of Global Regulatory Matters for Consensys.
Congress must bar interest on payment stablecoins to avoid harming Main Street lending
Allowing crypto exchanges and other intermediaries to offer yield-like incentives on payment stablecoins would pose significant risks to local economies, argues Kevin Paintner, chairman of the Independent Community Bankers of America’s Digital Assets Subcommittee.
Senate Agriculture Committee reschedules its own crypto bill hearing to Jan. 27
The Senate Agriculture Committee said Tuesday its postponed crypto market structure bill would drop on Jan. 21 and be debated six days later.
JPMorgan CFO calls stablecoin yield payout 'obviously dangerous and undesirable'
JPMorgan's Jeremy Barnum said the bank would compete with crypto offerings but warned that stablecoin yield products look like banks without the same regulation.
Senate files again for major crypto bill with stablecoin-rewards compromise, DeFi protections
A new draft of the Senate's legislation shows the bill has a compromise on stablecoin rewards and some protections for decentralized finance.
Senator Lummis offers DeFi protections bill as broader market structure draft nears
Senator Cynthia Lummis introduced a standalone bill to press a key point on how blockchain software developers are treated, though crypto market structure observers await the big show.
Wall Street broker Benchmark says this could be a pivotal week for digital assets
Senate action on market structure legislation could end years of regulatory uncertainty, unlock institutional liquidity and re-rate crypto-linked stocks.
Senate Republicans race toward crypto vote on bill with uncertain Democratic buy-in
The Banking Committee chief confirmed Friday evening that he's pressing forward, though the Agriculture Committee says it still hopes for a bipartisan version.
Senate Agriculture Committee to follow Banking panel in crypto vote next week: report
The Senate Agriculture Committee has previously released a discussion draft of its market structure legislation.
State of Crypto: Trying to figure out the market structure bill's prognosis
Will we get this bill after all?
