Market Structure Rules for Crypto Could Reshape U.S. Financial Core

The crypto industry’s push for U.S. regulation may have far-reaching implications beyond digital assets, potentially restructuring the foundation of traditional finance. TuongVy Le, a former SEC lawyer and compliance expert with experience at Anchorage Digital and Bain Capital, suggests that forthcoming legislation isn’t merely about legitimizing cryptocurrencies—it’s about building the framework for a blockchain-based financial future.

Le argues that migrating securities and commodities trading onto distributed ledgers represents a tectonic shift for markets still reliant on legacy systems. The regulatory frameworks being developed today could govern the Core infrastructure of tomorrow’s financial ecosystem, blurring the lines between crypto and traditional finance.