Crypto and finance sectors hold private talks on US market structure bill

Ahead of a U.S. Senate markup of a crypto market structure bill, industry stakeholders held a private meeting to discuss key issues such as DeFi regulation and a proposed ban on stablecoin yield, Decrypt reported, citing sources familiar with the matter. Participants included representatives from the crypto sector, such as a16z and the DeFi Education Fund (DEF), alongside the Securities Industry and Financial Markets Association (SIFMA), which has previously opposed regulatory exemptions for certain DeFi protocols. One source described the discussions as constructive, though no official position has been announced on the issue of yield-bearing stablecoins. The bill's markup is scheduled for Jan. 15, leaving a tight timeline for the two sides to reach an agreement.