The post DeFi regulation fight derails U.S. crypto bill, odds of passage collapse to 17% appeared on BitcoinEthereumNews.com. Key Takeaways  Will the upcoming meeting resolve the Democrats hold-out? This could be the end-goal, but market expectation was very low. What’s the bone of contention in Congress?  The controversial DeFi regulation proposal by Democrats irked the industry and Republicans at large.  The crypto market structure regulation has hit the fan amid Congress fall-out. This followed a push by the Senate Democrats to regulate decentralized finance (DeFi). Republicans, in response, withdrew from engagements, further putting the year-end deadline for passage of the bill into limbo. Now, crypto executives will meet with the pro-crypto Senate Democrats on the 22nd of October, likely to resolve the stalemate.  According to former FOX Business reporter Eleanor Terrett, the crypto leaders will include Coinbase CEO Brian Armstrong, Galaxy’s Mike Novogratz, Uniswap [UNI] CEO Hayden Adams, and others.  Democrats’ hard stance For closure, the Senate’s version of the crypto market structure bill has not made it out of the committee yet.  The stand-off between Republicans and Democrats on the scope and certain key areas has complicated the path forward for the bill. Pro-crypto Senate Democrats, led by Reuben Gallego, blamed Republicans for ‘crashing out.’  Jacques Petit, spokesman for the Sen. Gallego, told Politico that,  “They (Republicans) asked for paper and substance, and we delivered. They then turned around and leaked our proposal and pretend to be surprised that our parties have policy differences.” In response, the representative for Senate Banking Chair, Tim Scott, slammed Democrats, adding that the proposal wasn’t in a “good faith” for the market structure bill.  “The document was not written in legislative text, included multiple incoherent policy ideas, and was not a good-faith effort to engage on market structure.” For Blockchain Association, the umbrella body that champions for crypto advocacy, the proposal was “dissapointing.” Source: X Worth pointing out that the stalled… The post DeFi regulation fight derails U.S. crypto bill, odds of passage collapse to 17% appeared on BitcoinEthereumNews.com. Key Takeaways  Will the upcoming meeting resolve the Democrats hold-out? This could be the end-goal, but market expectation was very low. What’s the bone of contention in Congress?  The controversial DeFi regulation proposal by Democrats irked the industry and Republicans at large.  The crypto market structure regulation has hit the fan amid Congress fall-out. This followed a push by the Senate Democrats to regulate decentralized finance (DeFi). Republicans, in response, withdrew from engagements, further putting the year-end deadline for passage of the bill into limbo. Now, crypto executives will meet with the pro-crypto Senate Democrats on the 22nd of October, likely to resolve the stalemate.  According to former FOX Business reporter Eleanor Terrett, the crypto leaders will include Coinbase CEO Brian Armstrong, Galaxy’s Mike Novogratz, Uniswap [UNI] CEO Hayden Adams, and others.  Democrats’ hard stance For closure, the Senate’s version of the crypto market structure bill has not made it out of the committee yet.  The stand-off between Republicans and Democrats on the scope and certain key areas has complicated the path forward for the bill. Pro-crypto Senate Democrats, led by Reuben Gallego, blamed Republicans for ‘crashing out.’  Jacques Petit, spokesman for the Sen. Gallego, told Politico that,  “They (Republicans) asked for paper and substance, and we delivered. They then turned around and leaked our proposal and pretend to be surprised that our parties have policy differences.” In response, the representative for Senate Banking Chair, Tim Scott, slammed Democrats, adding that the proposal wasn’t in a “good faith” for the market structure bill.  “The document was not written in legislative text, included multiple incoherent policy ideas, and was not a good-faith effort to engage on market structure.” For Blockchain Association, the umbrella body that champions for crypto advocacy, the proposal was “dissapointing.” Source: X Worth pointing out that the stalled…

                                                                               Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power.                     The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more