Sources Report Glimmers of Progress in Talks to Resolve Conflicts Over Crypto Market Structure Bill

Ahead of a key vote in the Senate Banking Committee on a crypto market-structure bill, tentatively scheduled for next week, rival stakeholders met Thursday to try to hash out their differences to allow he bill to pass. Sources involved in the talks told Decrypt the meeting produced glimmers of “progress” toward a compromise on the issue of decentralized finance, or defi, referring to crypto-native platforms that enable direct trading of assets without an intermediary.

The Securities Industry and Financial Markets Association (SIFMA) has opposed regulatory carveouts in the bill for defi services and developers. But one source described Thursday’s talks as “constructive” and “productive” on the defi question.

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