U.S. Crypto Market Structure Bill Negotiations Hit a Snag: Main Disagreements Over DeFi Regulation and Stablecoin Yields

DeepFlowTech · 2026-01-08T02:35:22+00:00

Breaking News from TechFlow: On January 8, according to CoinDesk, Senator Tim Scott, Chairman of the U.S. Senate Banking Committee, previously announced that a hearing on the Crypto Market Structure Bill would be held on January 15. However, negotiation documents show that four key issues remain unresolved, with main disagreements including:1. DeFi: Calls for decentralized finance (DeFi) to be regulated with the same oversight as federally regulated financial institutions, but its fundamental definition and issues are still unresolved.2. Stablecoin Yields: The GENIUS Act stipulates that stablecoin issuers cannot offer interest, but their affiliated companies can provide yields and customer reward programs. The banking industry believes this could threaten their core deposit business, and some Democrats want to restrict crypto earnings.3. Ethical Standards: A proposal to prohibit senior U.S. government officials from deriving personal benefits from crypto activities.4. CFTC: The U.S. Commodity Futures Trading Commission

DeepFlowTech

2026-01-08 02:35:22

Deep Tide TechFlow News, January 8 — According to CoinDesk, Senator Tim Scott, chairman of the U.S. Senate Banking Committee, previously stated that a hearing on the Crypto Market Structure Bill would be held on January 15. However, negotiation documents show that four key issues remain unresolved, with major disagreements including:

DeFi: Calls for decentralized finance (DeFi) to be supervised at the same level as federally regulated financial institutions, but its basic definition and issues are still unresolved.
Stablecoin Yields: The GENIUS Act prohibits stablecoin issuers from offering interest, but their affiliated companies can provide yields and customer reward programs. The banking industry believes this could threaten their core deposit business, and some Democrats want to restrict crypto earnings.
Ethical Standards: A ban on senior U.S. government officials personally profiting from crypto activities.
CFTC: The U.S. Commodity Futures Trading Commission (CFTC) will play a leading role in cryptocurrency regulation, but the allocation of seats between the two U.S. parties within the CFTC needs to be balanced.

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