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Crypto needs the yield compromise more than banks do

Crypto needs the yield compromise more than banks do

  • Key insight: With Congress on vacation and the midterms looming, the crypto and the banking industries are looking at navigating a world without the market structure bill. 
  • Forward look: The crypto-market structure bill could still pass this year, but probably only if Congress decides the unlikely route of appeasing neither the banking industry nor large crypto players like Coinbase. 
  • What’s at stake: Experts say that the stakes for crypto firms of not passing some kind of market structure legislation is higher on the yield issue. 

WASHINGTON — Bankers and crypto firms might have to reckon with the status quo over a contentious part of crypto legislation, a prospect that’s not desirable to either party but could ultimately end up…

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