NYDIG: If the U.S. cryptocurrency market structure bill misses the August window, it may face the risk of "failure."
According to FinanceFeeds, digital asset investment firm NYDIG has warned that if the U.S. Market Structure Bill does not make substantial progress in Congress before the August recess, the likelihood of its passage may significantly decrease.
NYDIG stated that the current bipartisan political consensus around the cryptocurrency regulatory framework may only be a "brief window." If the bill fails to advance in the coming months, after Congress reconvenes, lawmakers' attention may shift to the midterm elections, fiscal budgets, and partisan political issues, causing the priority of cryptocurrency legislation to decline significantly.
The report noted that the bill is seen as one of the most important attempts at cryptocurrency regulation in the U.S. to date, with core content including clarifying the classification of digital assets, delineating the regulatory boundaries between the SEC and CFTC, and establishing unified operational standards for exchanges and cryptocurrency businesses. However, key issues such as stablecoin regulation, DeFi regulation, consumer protection, and conflicts of political interest still have significant disagreements, leading to slow negotiation progress.
NYDIG pointed out that long-term regulatory uncertainty is driving capital, talent, and innovation toward regions with clearer regulations, such as the UAE, Singapore, and the EU. The cryptocurrency industry is concerned that if this legislative window is missed again, the U.S. may repeat the regulatory stalemate of the past few years.
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