As the US Congress continues to work on the Crypto -concerned law, some industry leaders disagree that the market structure bill will give a lot of clarity to the region.
Crypto Bill of Pratiman Champion Senate
On Thursday, many industry players discussed the difference after the passage of the Genius Act, the region is now focused on the major market structure law, which is expected to offer long -active clides and defense for the industry.
No, the House of Representatives has already passed and passed the 2025 Digital Asset Market Clarity (Clarity) Act, which wants to establish a regulatory structure for crypto assets in the US, facilitates growth of crypto projects, and protects customers.
In June, the US Senate began working on principles for its market structure law, looked at a comparison set of rules. As a report by a bitcoinist, the Senate Banking Committee released a flow of its “Fummywork of Principles”, outlining six major principles for the upcoming Crypto Bill, which were “Veri Well received” by the decentralized finance (DEFI) region.
Today, Paradigm General Partner, Dan Robinson shared the firm’s response to the draft Senate Banking Committee on the bill, suggesting that the best aproach is suggesting. Chanlink Labs, Galaxy Digital, Tribe Capital, Multicin Capital, Electric Capital, and Ribbit Capital co-integrated the letter.
Robinson argued that both bills are “reforms” Hovie-The regime (…), the flow of the Senate is quite simple, and forces decentralized tokens and protocols to really really really for force in a precious leglicate framework. ,
The lawyer discovered that the Senate’s Draft focuses on the connection of auxiliary assets, which “distinguishes the type of crypto property from the securities due to its innocent NAT.” For firms, it is a “clearest test” that preserves crypto assets, while improperly exploiting transcription of this structure.
The VP of the regulatory affairs paradigm said that if the regulator clarity involves the current “unqualified regime, which no one can register or operate with any other complex regime.
Industry players divided the law
In an X post, journalist Ellenor Terit stated that most of the major Crypto Venture Capital (VC) firms except A16Z Crypto, most of the majority, “Firstly align on market structure and token classification.”
However, the head and general lawyer of the A16Z Crypto’s policy, Miles Gennings, disagree, “The most prominent crypto hedge fund is more accurate. Token mattery frimit.”
Jennings exposed the decentralization research center (DRC) summary chart, comparing versions of the Senate and House, arguing for dump and dump on retail.
Difference between the Senate's discussion draft and the House's CLARITY Act. Source: The DRC on X
Earlier this week, DCR also presented its response to the Discussion of the Senate Banking Committee to flow, underlining the importance of “Construction of Strong Foundation Establishment by the Clarity Act”. Non -Rowit Organization believes that the Senate version is developing, the “strong, control -decentralization test” of the House is a better approach.
Last month, players from the DCR and 50 other leading industry sent a joint letter to the congregress, which is the largest alliance of organizations on a special test for decentralization, as the post noted, sent a joint letter to the congreegress.
Additionally, non-profit confirmed that “source market structure law should be given under control” and regulator verification should focus on where it is warrant, while “protection location for innovation and innovation. Open system.”
Similarly, Attorney Gabriel Shapiru admitted that “home approach is far better.” For him, the Senate test is “a pure race for the standard”, which has the standard that has no meaning with a police person. “
Less rights people have less regulated? This should be opposite -if they have more rights, they are more preserved under the general contract law and less requirement of regulation. , , This is how you get pure memecoin frenzy forever, for equity/token conference, etc. ,
Bitcoin (BTC) traders at $116,432 in the one-week chart. Source: BTCUSDT on TradingView
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