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As Senators race towards market structure vote, DeFi devs remain a sticking point
Yahoo Finance· 2026-01-09 17:47
Group 1 - The upcoming markup of crypto market structure legislation is scheduled for January 15, with protection for DeFi developers being a key issue among US Senators [1] - A bipartisan framework for crypto legislation is being negotiated, with representatives from numerous crypto companies lobbying in Washington, DC [2] - The proposed market structure bill aims to resolve jurisdictional conflicts between the SEC and CFTC over crypto markets [3] Group 2 - The Senate Banking Committee's version of the bill would grant the SEC oversight of ancillary assets, while allowing tokens to fall under CFTC jurisdiction once sufficiently decentralized [4] - Recent offers from Republican senators to Democrats include new provisions on investor protections and illicit finance [5] - Unresolved issues include ethics concerns regarding Trump and his family members in crypto businesses, as well as protections for software developers [6] Group 3 - The Blockchain Regulatory Certainty Act addresses legal challenges faced by crypto developers, particularly those involved in creating crypto mixers [7] - The Department of Justice has attempted to limit the application of money transmission laws against crypto developers, indicating a shift in prosecutorial focus [8]