According to @BullTheoryio, the crypto market structure bill was delayed due to pressure from big banks, which the source says want to limit competition from DeFi and stablecoins (source: @BullTheoryio). The source asserts the bill’s current form restricts DeFi and stablecoin competitiveness rather than fostering fair market access, implying regulatory headwinds for those sectors (source: @BullTheoryio). For traders, this positioning suggests elevated policy risk for DeFi protocols and non‑bank stablecoin issuers, while potentially favoring incumbents aligned with traditional finance, per the source’s characterization (source: @BullTheoryio).

According to Jake Chervinsky on Twitter, the DOJ's prosecution of Roman Storm highlights ongoing regulatory actions targeting developers of non-custodial smart contract protocols, which could signal increased legal risk for similar DeFi projects. For traders, this development suggests heightened regulatory uncertainty in the DeFi sector, potentially impacting token prices and trading volumes for protocols perceived as vulnerable to enforcement. Monitoring regulatory news and legal outcomes is critical for managing exposure to DeFi-related assets (Source: @jchervinsky, April 28, 2025).