🚨 The White House has set a deadline of March 1st to advance the Crypto Market Structure Bill.
👉 The biggest decision: No Yield / Reward for holding Stablecoin now. 👉 The Savings Account Model is nearly finished. 👉 Rewards are only possible if linked to Lending or specific activities. 👉 Power to implement bans on SEC, Treasury, CFTC. Violation results in a $500,000 per day penalty. 👉 Fear among banks: deposits from stablecoins may decrease. 📌 Overall, this bill is considered positive for the crypto industry because: • Clear rules will be established • Institutional investment may increase • Regulatory uncertainty will decrease 🗓 A possible agreement by the end of the month, and the framework could be ready by March 1st.
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🚨 The White House has set a deadline of March 1st to advance the Crypto Market Structure Bill.
👉 The biggest decision:
No Yield / Reward for holding Stablecoin now.
👉 The Savings Account Model is nearly finished.
👉 Rewards are only possible if linked to Lending or specific activities.
👉 Power to implement bans on SEC, Treasury, CFTC.
Violation results in a $500,000 per day penalty.
👉 Fear among banks: deposits from stablecoins may decrease.
📌 Overall, this bill is considered positive for the crypto industry because:
• Clear rules will be established
• Institutional investment may increase
• Regulatory uncertainty will decrease
🗓 A possible agreement by the end of the month, and the framework could be ready by March 1st.