Market Structure Legislation
Crypto bill delay 'may ultimately be constructive' for final product, Benchmark says
Delayed markups could give Congress time to resolve issues that may determine how, and whether, institutions fully enter U.S. crypto markets, broker Benchmark said.
Senate Banking Committee cancels crypto market structure markup
The committee's Republican chairman, Tim Scott, had pushed for a quick process before it collapsed under the weigh of unfinished business.
Coinbase pulls support from crypto market structure bill
CEO Brian Armstrong said there were "too many issues" with the bill.
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.
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.
