Over 100 Crypto Firms Urge U.S. Senate to Pass Market Structure Bill for Regulatory Clarity

A coalition of over 100 crypto firms has called on the U.S. Senate to pass a comprehensive market structure bill to provide much-needed regulatory clarity. The primary goal of this lobbying effort is to clearly define the jurisdictional boundaries between the SEC and the CFTC regarding digital assets. This U.S.-centric push follows a similar trend in Europe, where a Nasdaq-led coalition recently urged the EU to fast-track its DLT pilot regime to remain competitive. Industry leaders argue that the current lack of federal oversight standards in the U.S. stifles innovation and creates institutional uncertainty. By establishing a formal legal framework, the firms aim to foster a more secure environment for digital asset trading and institutional adoption. The success of this legislative push could significantly impact global financial standards and the future of tokenized finance.