White House Advances Crypto Market Structure Bill Ahead of March 1 Deadline

TLDR: The White House set a March 1 deadline to advance the Crypto Market Structure Bill. Draft text prohibits firms from offering yield on idle stablecoin balances. SEC, Treasury, and CFTC would enforce violations with fines up to $500,000 daily. Broader reforms address custody, exchange oversight, and token classification rules. The Crypto Market Structure Bill [...]

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