A top Republican negotiator on crypto market structure is laying out what's coming next. The focus? Tomorrow's banking committee markup and where the real friction points lie right now. Banks keep dominating the conversation—here's the thing though: the banking sector's outsized attention in crypto policy conversations actually reveals something deeper about how regulations get built. When traditional finance gets this much air time in crypto legislation, you start seeing the regulatory framework tilt in specific directions. That's what makes the next 24 hours crucial. The negotiation dynamics around market structure will shape how retail participants, institutions, and financial intermediaries each get treated under the new rules.