Crypto news has been heavily focused on price action and macro-factors lately, but attention has been shifting towards crypto regulations this week. Specifically towards the crypto market structure bill, which may be one of the most important pieces of crypto legislation in history. The crypto market was ripe for another regulatory-related wave of excitement, courtesy of the crypto market structure bill. President Trump’s administration has reportedly revealed plans to pass the bill before the end of 2025.
The White House did not offer details of the exact deadline for the bill’s approval. Meanwhile, the market remained in a state of relative uncertainty with the U.S. government shutdown still ongoing.
Coinbase CEO Sheds Light on the Crypto Market Structure Bill’s Progress So Far
Coinbase CEO Brian Armstrong recently offered more details on the matter. He has been heavily involved in the progress of the crypto market structure bill. He recently met with a panel of 25 senators from both the Democratic and Republican sides. In recent crypto news, Armstrong revealed that the bill was approximately 90% complete and that the senators were working towards completing it by Thanksgiving. The Coinbase CEO revealed that there were a few pending issues, such as DeFi regulation.
Further, in crypto news, Armstrong also revealed that DeFi was one of the pending issues. He noted that the pro-crypto goal was to ensure that DeFi remained untouched to support innovation. Armstrong also revealed that they were pushing for centralized entities to be regulated and not the protocols. Some Senators, such as Elizabeth Warren, criticized the DeFi regulation proposals, citing weak oversight and potential systemic risks. Some of the bill’s critics still argue that it lacked enough measures to counter challenges such as market manipulation and fraud.
Key Details About the Crypto Market Structure Bill
Understanding the bill and its impact is essential. Now that the Senate has expressed interest in expediting the crypto market structure bill, it is likely to accelerate reform. This is one of the first proposed legislation designed to offer regulatory clarity over crypto at the Federal government level. The crypto market structure bill is expected to provide more clarity over commodity versus securities classification. While it has been one of the most contentious and vague issues in the crypto sector, the bill will reportedly split regulatory mandate between the SEC and the Commodity Futures Trading Commission (CFTC).
Why All The Hype Around the Crypto Market Structure Bill
The crypto market has existed for years without government involvement. However, legal status warrants structure and rules to keep the landscape in check. If passed, this bill will mark the biggest steps that the U.S. has ever taken to ensure a proper regulatory framework. The proposed legislation highlights a heavy contrast from an enforcement-based approach to a collaborative one. More regulatory clarity in the crypto space may boost the U.S.’ goal of becoming the crypto capital of the world. The efforts may also pave the way for more investment in the crypto and blockchain industry, especially from institutional investors. The same goes for investment in the industry, which if you follow crypto news you know, is seeing unprecedented growth. A broader, or unclear regulation underscores the crypto market and blockchain industry’s maturity and potential. Beyond supporting the industry from a structural point of view, some analysts believe that this bill highlights a landmark moment that could potentially trigger another wave of excitement.