U.S. lawmakers and the White House crypto czar signaled growing unity behind crypto market structure legislation, with negotiations nearing consensus and bipartisan confidence rising that clearer rules for the digital asset industry are within reach.
Lawmakers, White House Crypto Czar Signal Unity on Crypto Market Structure Push
U.S. lawmakers struck an optimistic tone on crypto legislation as talks advance. Posts shared on social media platform X on Jan. 15 pointed to negotiations nearing consensus on market structure rules, signaling confidence that bipartisan legislation to support the digital asset industry is within reach.
As Senate Banking Committee Chairman Tim Scott continues leading negotiations among committee members, the White House, and industry stakeholders on crypto market structure legislation, Senator Cynthia Lummis stated:
“Thanks to Chairman Scott’s leadership, we are closer than ever to giving the digital asset industry the clarity it deserves. Everyone is still at the negotiating table, & I look forward to partnering with him to deliver a bipartisan bill the industry— & America— can be proud of.”
The Wyoming Republican’s remarks tied Scott’s role directly to progress in the talks and portrayed the process as active and collaborative rather than stalled. Lummis has repeatedly emphasized that clear federal rules are necessary to keep digital asset innovation anchored in the United States, reduce regulatory uncertainty, and strengthen America’s competitive position.
Additional comments reinforced that bullish outlook by pointing to precedent and sustained effort. Senator Bill Hagerty explained that the negotiations mirror the persistence required to pass the GENIUS Act, which he described as a turning point for U.S. crypto leadership. “Because of GENIUS, America will become the crypto capital of the world, and what we produce on market structure will significantly improve the United States’ posture,” he wrote on X, adding that he remains committed to legislation ensuring the technology flourishes domestically for decades.
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Separately, White House AI and crypto czar David Sacks emphasized that momentum around market structure legislation remains strong and encouraged the industry to use the current pause to bridge outstanding gaps. He wrote:
“Passage of market structure legislation remains as close as it’s ever been. The crypto industry should use this pause to resolve any remaining differences. Now is the time to set the rules of the road and secure the future of this industry.”
In another post, Sacks highlighted continued engagement from the executive branch, noting that the White House is actively working with Senate Banking Committee Chairman Tim Scott, committee members, and industry participants to move bipartisan crypto market structure legislation forward as quickly as possible. “The White House remains committed to working with Chairman Scott, members of the Senate Banking Committee, and industry stakeholders to pass bipartisan crypto market structure legislation as soon as possible,” he said.
However, this official optimism faces a sharp reality check from the private sector. Coinbase CEO Brian Armstrong and other industry leaders have pivoted to a stance of “no bill rather than a bad bill,” arguing that the current crypto market structure draft is more restrictive than the status quo. Armstrong’s primary objections center on a “de facto ban” on tokenized equities and severe prohibitions on DeFi that he claims would grant the government “unlimited access” to private financial data. Additionally, industry critics slam provisions that eliminate stablecoin rewards, viewing them as a handout to traditional banks seeking to stifle competition.
FAQ ⏰
- What is the focus of the current crypto market structure negotiations? They center on bipartisan legislation to provide regulatory clarity for digital assets in the United States.
- Which lawmakers are leading the push for crypto regulatory clarity? Senators Cynthia Lummis, Bill Hagerty, and Senate Banking Chairman Tim Scott are key figures.
- How is the White House involved in crypto market structure talks? White House adviser David Sacks has publicly backed advancing bipartisan legislation.
- Why do supporters say crypto legislation matters for U.S. competitiveness? They argue clear rules will keep innovation onshore and strengthen long-term economic leadership.
Author: Kevin Helms
Source: Bitcoin
Reviewed By: Editorial Team
