Market Structure Legislation

Market Structure Legislation

Policy

Coinbase pulls support from crypto market structure bill

CEO Brian Armstrong said there were "too many issues" with the bill.

Coinbase CEO Brian Armstrong

Policy

Senate banking chairman Scott: Trump-tied ethics clash doesn't belong in his crypto bill

Senator Tim Scott, chairman of the Senate Banking Committee, told CoinDesk that he hopes to advance the crypto market structure bill, but some issues are unresolved.

Senator Tim Scott (Jesse Hamilton/CoinDesk)

Opinion

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.

Wall street signs, traffic light, New York City

Opinion

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.

Main Street (Unsplash/Olivia Hutcherson/Modified by CoinDesk)

Policy

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.

Sen. John Boozman (Win McNamee/Getty Images)

Policy

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.

JPMorgan building (Shutterstock)

Policy

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.

Senators Cynthia Lummis and Tim Scott, and White House crypto adviser Bo Hines (Jesse Hamilton/CoinDesk)

Policy

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.

U.S. Senator Cynthia Lummis (Jesse Hamilton/CoinDesk)

Policy

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.

The U.S. Capitol.

Policy

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.

Sen. John Boozman (Kayla Bartkowski/Getty Images)