TechFlow news, January 13 — According to reporter Eleanor Terrett, an incomplete draft of the U.S. Senate Banking Committee's Market Structure Bill has begun circulating, with the official version expected to be released within hours. The current draft omits a critical section on stablecoin yields but includes two ethics provisions addressing felony convictions (page 72) and insider trading (page 270).
Notably, a compromise on protecting software developers has been reached between DeFi and traditional finance (TradFi) under Section 601. Industry insiders close to the negotiations revealed that this outcome followed intense closed-door meetings last week. Traditional finance participants, particularly institutions such as the Securities Industry and Financial Markets Association (SIFMA), had primarily expressed concerns that DeFi protocols could be used to circumvent regulations.
Previously, the issue of stablecoin yields was considered the most contentious part of the bill, sparking heated debate among multiple parties.
