Crypto Industry Divided Over Congressional Market Structure Bills

The U.S. crypto sector faces a legislative crossroads as competing versions of a market structure bill advance through Congress. Paradigm has thrown its weight behind the Senate's approach, praising its principles-based framework for digital asset regulation. Meanwhile, the House's CLARITY Act of 2025 has already cleared its chamber with different regulatory prescriptions.

Industry leaders remain split on which proposal will deliver the regulatory clarity needed to foster innovation while protecting consumers. The Senate Banking Committee's draft framework, reportedly well-received by DeFi participants, outlines six Core principles for comprehensive crypto legislation. Paradigm's Dan Robinson recently submitted the firm's formal response to the Senate discussion draft.