‘Timely action is critical’: Crypto industry presses Senate to act as US market structure talks drag on

A coalition of cryptocurrency trade groups, venture firms, and digital asset companies has sent a letter to the Senate Banking Committee, urging them to advance market structure legislation. They emphasize that the U.S. cannot afford further delays as other countries establish clearer regulations. The proposed legislation aims to clarify regulatory authority over tokenized financial instruments, protect decentralized technology developers, and create a consistent federal framework. The industry warns that continued inaction risks driving investment, jobs, and technological development overseas, advocating for a move away from 'regulation by enforcement' towards a comprehensive federal baseline. Despite ongoing negotiations and some setbacks, there are indications that some lawmakers believe the legislative window remains open, with one senator suggesting a potential completion by the end of May.

(Source：The Block)