Wu Blockchain has learned from crypto journalist Eleanor Terrett that an incomplete draft of the U.S. Senate Banking Committee's market structure bill is circulating. The draft omits sections on stablecoin yields but includes two ethical provisions related to banking jurisdiction, specifically addressing felony convictions and insider trading. Notably, Section 601 reflects a compromise between DeFi and TradFi on protecting software developers. According to insiders, traditional finance participants like the Securities Industry and Financial Markets Association (SIFMA) were previously concerned about DeFi protocols being used for regulatory arbitrage. After tense closed-door meetings last week, both sides reached an agreement this week. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54991