The Securities Industry and Financial Markets Association (SIFMA) and several cryptocurrency industry representatives held a closed-door meeting on Thursday to address differences over the Senate's crypto market structure bill, which is approaching a critical voting phase. Sources indicate progress was made regarding regulatory exemptions for DeFi, though significant disagreements remain on issues such as yield-bearing stablecoins. Senate Banking Committee Chairman Tim Scott plans to conduct a key markup session on the bill next Thursday. Industry observers believe bipartisan support is essential for the bill's advancement.