#174 - Crypto's market structure moment, with Bill Hughes of Consensys

Crypto’s current policy window in Washington is a rare opportunity to pass market structure legislation. What happens if the industry walks away from a compromise now? Bill Hughes, Senior Counsel and Director of Global Regulatory Matters at Consensys, joins the podcast to discuss crypto market structure and stablecoin policy. Timestamps ➡️ 1:10 — Why Agriculture and Banking Committees shape crypto legislation ➡️ 4:20 — How agencies influence drafting behind the scenes ➡️ 6:40 — Stablecoin yield and illicit finance: the real sticking points ➡️ 9:20 — DeFi regulation debates ➡️ 17:00 — Is the Clarity Act likely to pass in 2026? ➡️ 18:00 — Ethics provisions and political tensions ➡️ 20:13 — Coinbase’s strategy ➡️ 26:35 — Stablecoin yield fights ➡️ 33:00 — Legislative timelines ➡️ 45:36 — What to watch next Sponsor: Day One Law, a boutique corporate law firm founded by Nick Pullman. Nick and his team at Day One provide strategic legal counsel to startups, crypto projects, and Web3 innovators. ⁠You can get in contact with them via this link⁠: ⁠⁠ Resources: 📓 The latest market structure discussion draft (banking committee) 📓 ⁠ The GENIUS Act Disclaimer: This podcast is for informational and educational purposes only and does not constitute legal or investment advice. Views expressed by the guest are their own and do not necessarily reflect those of their employers. Listening to this podcast does not create an attorney-client relationship.

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#174 - Crypto's market structure moment, with Bill Hughes of Consensys is an episode from Law of Code by Jacob Robinson.

This episode is 00:47:20 long.

This episode was published on Feb 16, 2026.

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