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).