Cryptocurrency Regulation at Crossroads as GOP Pushes Market Structure Bill
The U.S. cryptocurrency sector faces a pivotal moment as regulatory clarity remains elusive. With midterm elections approaching, Republican lawmakers are racing to pass a market structure bill that WOULD define roles for the SEC and CFTC in overseeing digital assets. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, warns the industry cannot thrive without clear rules.
The proposed legislation aims to resolve jurisdictional ambiguities between regulators. Witt emphasizes urgency, stating 'No bill is better than a bad bill'—a stance made possible by the TRUMP administration's pro-crypto posture. The debate now centers on whether Congress can strike the right balance between innovation and investor protection.
