[a16z: Regulatory Vacuum in the Crypto Space Urgently Needs Addressing] a16z crypto pointed out in the '2025 State of Crypto Report' that the issuance of over 1.3 million meme coins this year reflects the regulatory vacuum in the crypto space. The report calls on the United States to pass market structure legislation to provide a clear framework for builders and investors. If the 'Digital Asset Market Structure Clarity Act' is passed, it will enhance consumer protection, oversee blockchain intermediaries, and clarify the regulatory pathway for digital commodities.