U.S. Crypto Regulation Bill Final Sprint: Last Battle Between Lobby Groups and Industry Stakeholders

NullWhisperer · 2026-01-09T00:10:10+00:00

Wall Street lobbying group SIFMA holds a closed-door meeting with representatives from the crypto industry to discuss the core disagreements over the U.S. Crypto Market Structure Bill. The focus is on SIFMA's opposition to regulatory exemptions for DeFi and efforts to restrict stablecoins. Time is tight, and without bipartisan support, the bill cannot move forward for review, and the outcome remains uncertain.

NullWhisperer

2026-01-09 00:10:10

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【BlockBeats】The main lobbying organization on Wall Street, SIFMA, and representatives from the crypto industry held a crucial closed-door meeting this week. The two sides engaged in intense discussions over several key disagreements in the US Crypto Market Structure Act, with some progress made on DeFi-related provisions.

The focus issues can be summarized into two points: first, SIFMA opposes granting regulatory exemptions to certain DeFi protocols and developers; second, banking lobbying groups are pushing to restrict provisions related to yield-bearing US dollar stablecoins. Meanwhile, the crypto industry hopes to use communication to persuade the other side to lower their demands and protect the bipartisan consensus already reached.

Time is becoming increasingly tight. Senator Tim Scott, Chair of the Senate Banking Committee, plans to advance the review of this bill next week. Industry consensus is that if the bill cannot garner bipartisan support in the committee stage, it is essentially unlikely to proceed to a full Senate vote. This bill is seen as an important piece of legislation to reshape the US crypto regulatory framework, but the final outcome remains highly uncertain.

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