Senate Delays Crypto Market Structure Act Hearing Amid Industry Uncertainty

Generated by AI AgentCoin World
Thursday, Jul 10, 2025 2:53 pm ET1min read
XRP
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The U.S. Senate Banking Committee has delayed its discussion on the "Crypto Market Structure Act" until next week, coinciding with several key industry events. This postponement could potentially increase volatility in the crypto markets, which are already experiencing uncertainty due to regulatory ambiguities.

The Senate Banking Committee's decision affects the initially planned full hearing on the "Crypto Market Structure Act." Key industry figures, including Brad Garlinghouse of

Ripple
and Kristin Smith of the Blockchain Association, were scheduled to participate. This delay is expected to align with other significant discussions during "Crypto Week."

The rescheduling underscores the high stakes involved in crafting relevant regulatory frameworks, especially as the House Financial Services Committee plans its 21st Century Cryptocurrency Taxation Policy Framework hearing, also during "Crypto Week." Industry leaders emphasize the need for clear regulations to avoid potential pitfalls in digital asset market growth.

Industry reactions reflect a mix of anticipation and concern. Brad Garlinghouse has noted the urgency of establishing viable regulations to maintain innovation in the U.S. Senator Elizabeth Warren has expressed skepticism, stating that under the House bill, a publicly traded company could potentially escape SEC scrutiny by putting its stock on the blockchain.

The postponement of the Senate Banking Committee's hearing on cryptocurrency market structure is a significant development in the ongoing effort to regulate digital assets. As lawmakers and regulators continue to grapple with the complexities of cryptocurrencies, the delay provides an opportunity to develop a comprehensive and effective regulatory framework that can balance innovation with consumer protection. The postponement also highlights the challenges faced by regulators in keeping pace with the rapidly evolving cryptocurrency landscape and the need for a regulatory framework that can adapt to the changing nature of digital assets.