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January 7, Galaxy Research Director Alex Thorn shared the latest updates on the cryptocurrency market structure bill on the X platform. Today, a bipartisan meeting was held to discuss the core demands of the Democratic and Republican parties.
Key Democratic demands regarding DeFi include front-end compliance with sanctions regulations, granting greater authority to the Treasury Department, and establishing regulatory frameworks for non-decentralized DeFi. Other demands include revising the classification of crypto assets and introducing new investor protection provisions.
Issues still under discussion include the regulation and handling of stablecoin yields. Republicans are urging the Senate Banking Committee to review the bill next Thursday (January 15). It remains unclear whether the two parties can reach a consensus.
Key Democratic demands regarding DeFi include front-end compliance with sanctions regulations, granting greater authority to the Treasury Department, and establishing regulatory frameworks for non-decentralized DeFi. Other demands include revising the classification of crypto assets and introducing new investor protection provisions.
Issues still under discussion include the regulation and handling of stablecoin yields. Republicans are urging the Senate Banking Committee to review the bill next Thursday (January 15). It remains unclear whether the two parties can reach a consensus.
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