Cryptocurrency regulation reaches a critical milestone: The White House advances market structure legislation, industry window period has begun

【Blockchain Rhythm】The U.S. government has issued positive signals regarding cryptocurrency policy. White House Crypto and AI Director David Sacks recently stated that the probability of passing legislation on market structure has reached a historic high. The industry needs to seize this window of opportunity to resolve existing disagreements. He emphasized that this is the golden time to set the rules of the game and lock in the industry’s future.

The White House continues to communicate with the Chairman and relevant members of the Senate Banking Committee, aiming to quickly push forward bipartisan-supported legislation on the crypto asset market structure. However, due to objections from key supporters like Coinbase to the current version of the CLARITY Act, the Senate Banking Committee has suspended the revision hearings for the bill, and it is not yet clear when they will resume.

The core of this bill is to clarify the boundaries of authority between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), specify under what circumstances digital assets should be treated as securities or commodities, and establish new disclosure standards. For the industry, a clear regulatory framework means more certainty and room for growth.