2026-01-09 17:22:30

Chairman Tim Scott of the U.S. Senate Banking Committee is scheduled to advance the Crypto Market Structure Act on January 15, with a markup session that echoes the House's Digital Asset Market Clarity Act. The core focus of this bill is to redefine the regulatory authority between the SEC and CFTC and introduce asset classification tests to determine the appropriate regulatory agency.

However, there are still significant disagreements in areas such as DeFi, stablecoins, ethical issues, and security risks. This means that multiple rounds of negotiations are needed before the final draft. For the entire crypto ecosystem, a clear regulatory framework and delineation of powers are indeed good news — but the specifics of how to divide authority and how to treat emerging product forms will determine everything.

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ThatsNotARugPull

· 13h ago

It's another regulatory drama, but this time it feels a bit more promising? The SEC and CFTC are finally going to clarify who regulates what, about time. --- DeFi will definitely be torn apart again, and stablecoins even more so. These folks can never reach an agreement. --- Details are the real killers. A good framework is useless; what really matters is how they treat these new things of ours. --- Wait, January 15th? That's a pretty quick pace. Can it really pass? --- Honestly, having clear rules is better than the current uncertainty. At least we won't have to guess what the SEC is thinking every day. --- Another "multi-round game of chess." Translation: more bickering. We'll just keep waiting.

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0xSherlock

· 13h ago

It's another game of chance. We've gone through this process several times... The real key is how to define DeFi, and if stablecoins get stuck tightly, it won't be meaningful.

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ImpermanentPhilosopher

· 13h ago

Here we go again, this decentralization trick... really think it can be a one-size-fits-all solution? --- DeFi will definitely cause another half-year of disputes, can't get it sorted out --- The saying "details determine everything" sounds good, but the real question is whether the SEC and CFTC can coordinate well haha --- It feels like classification testing is just the start of another tug-of-war --- The real issue is the divergence between stablecoins and DeFi, everything else is superficial --- January 15th? Let's wait and see, it might be postponed again to some month --- Clarifying the regulatory framework might actually make things worse, with a bunch of compliance requirements coming down --- The boundary of power is the boundary of interests, what those lobbying groups are thinking is what really matters --- Every time they say they want to clarify the ideas, but in reality, everyone acts independently. Crypto is just a hot potato --- If DeFi and stablecoins could really be regulated effectively, that would be a miracle. Right now, it's all just talk

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RugDocScientist

· 13h ago

Is the regulatory framework finally about to be finalized? Sounds good, but in the end, everyone will do their own thing. How will DeFi be decentralized? --- Details determine everything, that's no lie, but I bet five bucks the SEC and CFTC will still end up fighting. --- The most ridiculous part is stablecoins, it always feels like a never-ending bickering... --- Let's see the truth on January 15th. Anyway, I don't have much hope. --- Decentralization? Ha, it'll be just as chaotic as now. If you believe that, you've already lost.

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MevHunter

· 13h ago

Here comes another "Clear Regulatory Framework"... sounds good in theory, but how do we fill the gaps with DeFi and stablecoins? Feels like we're just going to bicker for a while. --- Damn, here we go again... The phrase "Details determine everything" is spot on, but I bet five bucks the SEC and CFTC will just pass the buck to each other. --- Wait, how is this power divided... Only by truly clarifying it can we win. Right now, it's all just pie in the sky. --- Decentralization, decentralization, but in the end, each still manages their own part. Anyway, DeFi will always be a hot potato. --- Interesting, the asset classification test sounds promising, but I wonder if they can actually figure it out. --- Nothing wrong with that, but I'm more concerned about the stablecoin part... If they really start regulating it, Tether will be panicking.

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DefiEngineerJack

· 13h ago

ngl, the asset classification test sounds good in theory but we all know how this plays out... SEC gonna try to classify literally everything as a security lmao

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wrekt_but_learning

· 13h ago

Are they doing this again? Let's first straighten out DeFi and stablecoins before arguing further. If we keep nitpicking like this, spring will be over. Decentralization ultimately ends up with everyone doing their own thing. Can details really make all the difference... I think利益决定一切 (interests decide everything). Wait, will they really let DeFi go? I don't believe it even if you beat me to death. If these rounds of game theory drag on until the coin price rises, it would be ridiculous. SEC vs CFTC, these two jokers, seem to be passing the buck to each other. Do I think this matter can be settled by the end of the year? Anyway, I don't think so. Having a clear framework is good, but I'm worried that in the end it will be clear "regulation" rather than a "framework." The marking event on January 15th... betting 5 bucks and it will end in nothing.

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