Senator Lummis: Crypto Market Structure Bill Faces Delay Due to DeFi Debate
According to a report by Cointelegraph, Senator Lummis has indicated that the market structure bill may face delays. The debate surrounding DeFi and stablecoin reward provisions within the CLARITY Act is reportedly a key factor contributing to the potential hold-up. Competing agendas from banking and crypto stakeholders are also influencing the legislative process, according to the report. The development highlights the complexities involved in establishing a regulatory framework for the evolving cryptocurrency landscape.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.