Overview
- CFTC Chair Mike Selig said the crypto market‑structure bill is close to becoming law, describing it as “about to” be signed.
- Coinbase CEO Brian Armstrong reported “great progress” with only a few issues left after previously pulling support over stablecoin rewards and SEC oversight.
- Senator Bernie Moreno projected the bill could clear Congress by April and argued stablecoin rewards should not be included.
- Banking groups circulated “Yield and Interest Prohibition Principles” opposing stablecoin rewards, while the Digital Chamber proposed a DeFi‑compatible framework as a compromise.
- The White House is weighing another bank–crypto meeting this week as Treasury Secretary Scott Bessent urges getting the bill to the president this spring.