State of Crypto: Market Structure Negotiations?

State of Crypto: Market Structure Negotiations?

A proposed regulatory framework for DeFi has the industry up in arms.

Crypto Market Structure Bill Stalls After Democrats Propose ‘Effective Ban’ on DeFi

Bipartisan negotiations on the broader crypto market structure bill, the CLARITY Act, appear to have stalled after Senate Banking Committee Democrats sent a proposal to Republicans on Thursday, according to a report from Punchbowl News. The Senate Democrats’ new DeFi regulations contrast with Republican drafts, which sought to protect software developers and clarified intermediary liability more narrowly. Blockchain Association CEO Summer Mersin…

Tensions over crypto bill boil over in the Senate

Crypto News Today: Senate Dems' DeFi Bill Sparks Fierce Backlash

A DeFi legislative initiative proposed by Senate Democrats burns hot against Republicans and crypto supporters due to a possible crypto crackdown. A new decentralized finance (DeFi) legislative proposal brought forward by Senate Democrats has elicited controversial reactions among Republican members of parliament and cryptocurrency supporters.  The initiative, which is aimed at deterring illicit activity in DeFi, is already facing criticism beca…

Senate Democrats’ New Proposal Could Cripple Market Structure Bill

Senate Democrats have sent out a counterproposal on some aspects of the ongoing Digital Asset Market Structure legislation. Among other demands, they want the bill to designate everyone interacting with a defi protocol as an intermediary. Democrats also want front-end providers, even non-custodial wallets, to implement KYC registration for users. The latest demands by US Senate Democrats on the direction of the ongoing market structure legislati…

Senate Dems submit crypto market structure proposal, world ends

Senate Dems' proposed crypto rules stir backlash across the industry, as regulators battle over prediction markets and Congress struggles to reach a deal. The post Senate Dems submit crypto market structure proposal, world ends appeared first on CoinGeek.