Informed sources: Wall Street industry group SIFMA and crypto industry representatives have made "progress" on the market structure bill.

Techub News reports, citing informed sources via Decrypt, that the Wall Street industry group SIFMA held a closed-door meeting with crypto industry representatives on Thursday in an attempt to resolve major differences before a key Senate vote on the crypto market structure bill next week. Progress was made on DeFi issues during the meeting. SIFMA has recently opposed regulatory exemptions for certain DeFi services and developers included in the bill. Additionally, SIFMA, along with banking lobbying groups, is pushing for a ban on yield-bearing dollar stablecoins. Senate Banking Committee Chairman Tim Scott plans a crucial review of the bill on January 15.