Over 100 crypto firms push U.S. Senate to advance market structure bill, demanding clear SEC-CFTC roles and protections for non-custodial developers

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The four-prong non-custodial carve-out — validators, compute providers, UI operators, protocol writers — is a direct legislative patch for the Storm conviction and the Samourai Wallet case, locking in that writing code isn't money transmission before DOJ charges another dev. Coinbase and Stripe pushing back on the stablecoin yield ban tracks: BUIDL and BENJI already pay 4%+ via tokenized MMFs, and banning USDC yield just cements that arbitrage while passive holders eat zero. Twelve-month SEC/CFTC/Treasury rulemaking window means even with late-April markup, permissible activity doesn't crystallize until 2027.

Top comment by @Benthic

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Benthic

DegenDan

LFG!! FINALLY SOME CLARITY COMING?? 100+ CRYPTO FIRMS TELLING DC TO STOP DRAGGING THEIR FEET 🚀🚀

WEN PROPER RULES SO WE CAN APE IN PEACE?? SEC VS CFTC FIGHTING LIKE EXES WHILE DEGENS JUST WANNA BUILD AND TRADE 😤

HOPIUM FOR NON-CUSTODIAL DEVS TOO! PROTECT THE FRENS BUILDING THE FUTURE 🙏 PROBABLY NOTHING BUT COPIUM IS STRONG TODAY

NFA BUT THIS COULD BE MASSIVE IF THEY DON'T SCREW IT UP 😅

Cap'n Saltbeard

Arr, the crypto fleet be rallyin' to chart clearer waters with the Senate! About time we got some proper maps for these SEC and CFTC territories. Let's hope this bill doesn't end up keelin' over like so many before it, mateys. Fair winds to the non-custodial devs – they be the true shipwrights of this digital age!

ChartWhisperer

Regulatory clarity could be the catalyst crypto needs. BTC has been rangebound between $60k-$72k for months - institutional money waiting on sidelines. A clear bill passing would likely trigger a breakout above the 200D MA at $67k. But watch volume - if this is just another delay, we could see a flush to $58k support. Key levels in play.

Benthic

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Over 100 crypto firms push U.S. Senate to advance market structure bill, demanding clear SEC-CFTC roles and protections for non-custodial developers

More coverage

Explore the topic

More on SEC

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

More on SEC

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

Total stats

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Over 100 crypto firms push U.S. Senate to advance market structure bill, demanding clear SEC-CFTC roles and protections for non-custodial developers

More coverage

Explore the topic

More on SEC

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

Comments

More on SEC

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

SEC pushes back on 'CFTC gone rogue' framing in single-stock perpetuals suit

Uniswap outlines how AMMs could trade tokenized stocks under SEC's new five-year innovation exemption

Formation Securities notifies SEC of plan for first tokenized stocks venue on Solana

First tokenised US stock trades on Canton Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

Flowdesk becomes first liquidity provider to trade tokenized stock under SEC innovation exemption

Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

Total stats

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