The Breakdown Crypto Regulation Hits a DeFi Wall
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Dec 9, 2025 The podcast dives into the anticipated delay of a crucial market structure bill due to complex discussions around stablecoin yield and DeFi regulations. It highlights the SEC's growing rift with traditional finance regarding tokenization, along with intriguing developments from the CFTC on regulated spot markets. The conversation also touches on the vital protection of developers in the crypto space and emphasizes the urgency for appropriate regulations to prevent innovation from shifting overseas. Tune in for insightful takes on the evolving regulatory landscape!
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Market Structure Bill Likely Slides To Next Year
- The market-structure bill is likely delayed into next year due to three thorny issues: stablecoin yield, conflicts of interest, and DeFi.
- Negotiators face technical and political complexity that makes rushing the bill risky, so finalizing language matters more than speed.
Banks Pushing To Close Stablecoin 'Loopholes'
- Banks pushed prohibitions on stablecoin yield and now call issuer workarounds 'loopholes' they helped create.
- That influence could sway senators and potentially sink the market-structure bill.
Three Issues Holding The Bill Together
- Stablecoin yield, conflicts of interest, and DeFi are the three core sticking points holding up the bill.
- Each issue pits influential incumbents or constitutional limits against technical realities of crypto.