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Julia Smith
Author
Julia Smith
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Blockchain Association CEO Summer Mersinger said in a November 5 X post that it is still possible for this Congress to pass crypto market structure legislation despite the fact that “deadlines shift.”
According to Mersinger’s Wednesday X post, the former Commodity Futures Trading Commission (CFTC) commissioner said that “getting it right” is more important than “speed” when it comes to passing the key crypto bill.
“This isn’t about favoring one industry,” Mersinger wrote. “It’s about ensuring the U.S. leads in responsible innovation—with clear rules that protect consumers, support markets, and keep the next generation of financial infrastructure here at home.”
“We’re encouraged by continued bipartisan engagement and look forward to reviewing new drafts as senators refine their ideas,” she added. “With the collaboration we’ve seen, market structure legislation this Congress remains an achievable, necessary goal.”
U.S. Lawmakers Work To Pass Crypto Market Structure Legislation
Mersinger’s commentary comes as the U.S. government approaches its 37th day in shutdown, just days after it became the longest government closure in U.S. history.
An October 30 report from Bloomberg indicates that U.S. lawmakers are eager to advance the crypto market structure legislation.
Senate Agriculture Committee Chair John Boozman (R-AR) told Bloomberg that he and Senator Cory Booker (D-NJ) have been working together on a daily basis in hopes of finalizing a bill.
“We’re going to get it done this year,” Boozman told the media outlet.
Just last month, top crypto executives convened with U.S. lawmakers on Capitol Hill to discuss crypto legislation in a policy roundtable spearheaded by Senator Kirsten Gillibrand (D-NY).
The roundtable featured several key players in the digital asset space, including Galaxy CEO Mike Novogratz, Chainlink CEO Sergey Nazarov, Kraken CEO David Ripley, and Solana Policy Institute President Kristin Smith, amongst others.
However, it is still unclear whether members of Congress will be able to find a path forward for crypto market structure legislation before the end of the year.
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