Wall Street, Crypto Leaders Make ‘Progress’ on Crypto Bill in Private Meeting: Sources

In brief

  • Wall Street and crypto groups met privately Thursday to resolve disputes over the Senate’s crypto market structure bill.
  • Sources say the “productive” meeting offered signs of progress on the thorny issue of DeFi.
  • But the bill is set to face a key Senate vote in less than a week, and many are worried about getting a deal done in time.

A group of rival stakeholders met privately Thursday to hash out disagreements over crypto’s market structure bill, as the legislation hurtles towards a potentially make-or-break Senate vote penciled for next week.

The meeting, which has not been previously reported, included representatives of SIFMA, a major Wall Street trade group protesting key elements of the bill, and a handful of crypto…

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