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Wall Street, Crypto Leaders Hold Private Talks on $1 Trillion Market Bill
Wall Street’s leading trade association, SIFMA, has been quietly meeting with top crypto executives in private to try to sort out the proposed crypto market structure bill. As the Senate gets closer to a key vote, the goal is to find some common ground on the regulations that will affect how decentralized finance (DeFi) and stablecoins work. Sources suggest that the chats so far have given everyone a bit of a better understanding of DeFi but they’ve made little headway on the really tricky bit – what to do about stablecoins that pay interest. As you’d expect, this thing has the potential to affect more than ... (full story)
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