{"id":17977,"date":"2025-11-14T15:16:45","date_gmt":"2025-11-14T14:16:45","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=17977"},"modified":"2025-11-14T15:16:45","modified_gmt":"2025-11-14T14:16:45","slug":"enhancing-the-crypto-market-industry-voices-urge-revisions-to-proposed-structure-bill","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/14\/enhancing-the-crypto-market-industry-voices-urge-revisions-to-proposed-structure-bill\/","title":{"rendered":"Enhancing the Crypto Market: Industry Voices Urge Revisions to Proposed Structure Bill"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div>\n<div class=\"trusted-editorial-content trusted-editorial-content--top\">\n<div class=\"trusted-editorial-content__text\"><u>Trusted Editorial<\/u> information, examined by prominent industry specialists and experienced editors. <a href=\"#\" target=\"_blank\">Ad Disclosure<\/a><\/div>\n<\/p><\/div>\n<p><span style=\"font-weight: 400\">The revelation of the awaited <\/span><a href=\"https:\/\/bitcoinist.com\/the-us-senates-crypto-market-structure-draft-bill\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">draft <\/span><\/a><span style=\"font-weight: 400\">of the cryptocurrency-focused Market Structure Bill has generated a surge of responses and requests for crucial enhancements from industry participants.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Crypto Market Structure Bill Draft Under Examination<\/span><\/h2>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/www.cryptoinamerica.com\/p\/industry-wants-more-clarity-on-senate\" target=\"_blank\" rel=\"noopener nofollow\">As per<\/a> <\/span><span style=\"font-weight: 400\">\u00a0Crypto In America, the long-anticipated market structure discussion draft introduced by the Senate Agriculture Committee this week has prompted many within the industry to voice the necessity for considerable enhancements prior to providing their full endorsement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Guided by Chairman John Boozman and Senator Cory Booker, the draft is influenced by the CLARITY Act, designed to clarify the definition of a digital commodity while highlighting aspects related to customer safeguards, supervision by the Commodity Futures Trading Commission (CFTC), and self-custody practices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nonetheless, the inclusion of blockchain-associated terms enclosed in brackets indicates ongoing discussions among legislators, with key segments related to decentralized finance (DeFi) and anti-money laundering (AML) still unaddressed.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A representative from a prominent crypto trade organization stated that while the bill represents a favorable beginning, additional revisions are necessary for widespread industry approval.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Importantly, discussions imply that the Senate Agriculture Committee may be awaiting insights from their Senate Banking colleagues, especially regarding DeFi elements governed by the <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-tokenization-global-regulators-cite-risks\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Blockchain Regulatory Certainty Act <\/span><\/a><span style=\"font-weight: 400\">(BRCA).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Expressing optimism for clarity in the DeFi sector, DeFi Education Fund Executive Director Amanda Tuminelli stressed the importance of strong developer protections that clearly distinguish centralized intermediaries from software developers lacking custody and financial authority over external assets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recognizing the evolving nature of a discussion draft, industry stakeholders have shown readiness to engage with lawmakers in refining the regulatory framework.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">December Markup For Unifying Market Structure Drafts\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Expecting constructive partnerships, Digital Chamber CEO Cody Carbone expressed eagerness to work collaboratively in promoting the <\/span><a href=\"https:\/\/bitcoinist.com\/circle-reports-q3-teases-native-token-launch\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">legislative agenda<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Simultaneously, the Senate Banking Committee has revealed two market structure drafts, predominantly led by the GOP, with ongoing bipartisan discussions indicating a potential amalgamation of the drafts upon mutual agreement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chairman Boozman has expressed a commitment to an early December markup session, emphasizing the legislative pathway aimed at merging both draft iterations into a unified framework.<\/span><\/p>\n<p><span style=\"font-weight: 400\">An outstanding clause in the <\/span><a href=\"https:\/\/bitcoinist.com\/brazil-introduces-stricter-crypto-regulations\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Senate Ag draft<\/span><\/a><span style=\"font-weight: 400\"> suggests that the CFTC should appoint at least two commissioners following consultations with the committee\u2019s minority faction, potentially reinforcing the necessity for minority representation within the commission.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Key discussions are on the agenda, including the nomination hearing for Mike Selig, Trump\u2019s nominee for the CFTC chair position. While the agency anticipates additional nominations, the process remains ongoing without specific names being proposed for further commissioner roles.<\/span><\/p>\n<figure style=\"width: 1814px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/fwy0VhVN\/\" alt=\"Crypto\" width=\"1814\" height=\"928\"\/><figcaption class=\"wp-caption-text\">The daily chart illustrates the total crypto market cap decline. Source:<a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\"> TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Highlighted image from DALL-E, chart sourced from TradingView.com\u00a0<\/span><\/p>\n<div class=\"trusted-editorial-content trusted-editorial-content--bottom\">\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/02\/safe.png\" class=\"trusted-editorial-content__icon\"\/><\/p>\n<p><strong>Editorial Process<\/strong> for bitcoinist focuses on providing thoroughly investigated, precise, and impartial content. We adhere to stringent sourcing protocols, and each page undergoes meticulous review by our team of leading technology authorities and experienced editors. This procedure guarantees the integrity, relevance, and utility of our content for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/crypto-market-structure-bill-calls-improvements\/\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html Trusted Editorial information, examined by prominent industry specialists and experienced editors. Ad Disclosure The revelation of the awaited draft of the cryptocurrency-focused Market Structure Bill has generated a surge of responses and requests for crucial enhancements from industry participants.\u00a0 Crypto Market Structure Bill Draft Under Examination As per \u00a0Crypto In America, the long-anticipated market<\/p>\n","protected":false},"author":3,"featured_media":17978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[4240],"class_list":{"0":"post-17977","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-industry-feedback-crypto-market-structure-bill-draft-raises-calls-for-improvements-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Enhancing the Crypto Market: Industry Voices Urge Revisions to Proposed Structure Bill - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/14\/enhancing-the-crypto-market-industry-voices-urge-revisions-to-proposed-structure-bill\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enhancing the Crypto Market: Industry Voices Urge Revisions to Proposed Structure Bill - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html Trusted Editorial information, examined by prominent industry specialists and experienced editors. 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