Crypto Market Structure Legislation Still Within Reach, Says Blockchain Association CEO

The crypto industry inches closer to regulatory clarity—despite Wall Street's best efforts to complicate things.

Why This Matters Now

With institutional money flooding into digital assets, outdated frameworks threaten to stifle innovation. The Blockchain Association’s CEO insists bipartisan progress is possible—even as traditional finance players lobby for rules that favor incumbents.

The Road Ahead

Key lawmakers signal openness to tailored legislation. But expect delays—nothing moves fast in D.C., especially when banks smell competition.

Funny how suddenly everyone cares about 'investor protection' when their monopoly’s at risk.

Summer Mersinger Shares Her Take On Key Crypto Bill

According to Mersinger’s Wednesday X post, the former Commodity Futures Trading Commission (CFTC) commissioner said that “getting it right” is more important than “speed” when it comes to passing the key crypto bill.

1/ The Senate’s effort to build workable digital asset market structure is in the real work phase—trading ideas, testing text, and reconciling views across the aisle.

We expect to see new draft language soon as those conversations continue.

“This isn’t about favoring one industry,” Mersinger wrote. “It’s about ensuring the U.S. leads in responsible innovation—with clear rules that protect consumers, support markets, and keep the next generation of financial infrastructure here at home.”

“We’re encouraged by continued bipartisan engagement and look forward to reviewing new drafts as senators refine their ideas,” she added. “With the collaboration we’ve seen, market structure legislation this Congress remains an achievable, necessary goal.”

U.S. Lawmakers Work To Pass Crypto Market Structure Legislation

Mersinger’s commentary comes as the U.S. government approaches its 37th day in shutdown, just days after it became the longest government closure in U.S. history.

An October 30 report from Bloomberg indicates that U.S. lawmakers are eager to advance the crypto market structure legislation.

Senate Agriculture Committee Chair John Boozman (R-AR) told Bloomberg that he and Senator Cory Booker (D-NJ) have been working together on a daily basis in hopes of finalizing a bill.

“We’re going to get it done this year,” Boozman told the media outlet.

Just last month, top crypto executives convened with U.S. lawmakers on Capitol Hill to discuss crypto legislation in a policy roundtable spearheaded by Senator Kirsten Gillibrand (D-NY).

The roundtable featured several key players in the digital asset space, including Galaxy CEO Mike Novogratz, chainlink CEO Sergey Nazarov, Kraken CEO David Ripley, and Solana Policy Institute President Kristin Smith, amongst others.

However, it is still unclear whether members of Congress will be able to find a path forward for crypto market structure legislation before the end of the year.