The Breakdown Senate Democrats Unveil Competing Crypto Market Structure Bill
10 snips
Sep 11, 2025 Senate Democrats have unveiled a new framework for crypto regulation, sparking negotiations with Republicans. The proposal aims to empower the CFTC, improve oversight of DeFi, and introduce stricter ethics rules. Meanwhile, shifts in the crypto landscape are evident with NASDAQ investing in platforms and new ETF developments making waves. Coinbase is making bold moves by acquiring talent to enhance its decentralized finance capabilities, reflecting the ongoing integration of crypto and traditional finance.
AI Snips
Chapters
Transcript
Episode notes
Democratic Counterproposal Enters Negotiations
- A group of 12 Senate Democrats unveiled an alternate crypto market structure framework to negotiate with Republicans.
- Their proposal accepts CFTC oversight of spot markets and a new securities-determination process, aligning with the House approach.
Anti-Money-Laundering And DeFi Focus
- Democrats want crypto platforms to register with FinCEN and comply with the Bank Secrecy Act to curb illicit finance.
- The framework also flags DeFi as a key vector for illicit finance and calls for new oversight tools.
Stablecoin Interest Ban Sought
- The Democrats propose banning interest on stablecoins and closing indirect payment loopholes.
- This measure reflects the banking lobby's key demand to prevent yield being paid on stablecoin holdings.