SIFMA and Crypto Groups Debate DeFi Exemptions in U.S. Market Structure Bill Meeting

On Jan. 9, Securities Industry and Financial Markets Association (SIFMA) and crypto industry representatives held a closed-door meeting on a proposed U.S. crypto market structure bill, BlockBeats reported. SIFMA opposed exemptions for decentralized finance and, alongside banking lobbies, pushed for strict limits on yield-bearing stablecoins. Momentum is building, with Senate Banking Committee Chair Tim Scott signaling the bill could move forward for review next week, underscoring ongoing regulatory debate over digital assets.