[Over 100 Crypto Institutions Urge U.S. Senate to Advance Market Structure Bill Review] Odaily Planet Daily News: More than 100 crypto companies and industry organizations, including Coinbase, Circle, Kraken, Ripple, a16z, Paradigm, and Consensys, have jointly sent a letter to the U.S. Senate Banking Committee, urging the advancement of the review of the 'Clarity Act' market structure bill. The bill aims to establish a federal-level regulatory framework for the crypto market. The joint signatories stated that relying solely on regulatory enforcement is insufficient to create stable rules and proposed several recommendations, including clarifying the division of regulatory responsibilities between the SEC and CFTC, protecting non-custodial tool developers, and standardizing information disclosure requirements. They also warned that legislative delays could lead to capital and innovation outflows. (CoinDesk)