NYDIG: If the US Crypto Market Structure Act misses the August window, it may face the risk of 'miscarriage' BlockBeats News: On May 18th, digital asset investment firm NYDIG warned that if the US Crypto Market Structure Bill cannot make substantial progress before the August recess of Congress, the probability of its subsequent passage may significantly decrease. NYDIG stated that the current political consensus between the two parties regarding the cryptocurrency regulatory framework may only be a "brief window period". If the bill is not pushed forward in the coming months, after the Congress resumes, lawmakers' attention may shift to midterm elections, fiscal budgets, and partisan political issues, and the priority of encryption legislation may significantly decrease. According to reports, the bill is considered one of the most important attempts to establish a regulatory framework for cryptocurrency in the United States. Its core contents include clarifying the classification of digital assets, clarifying the regulatory boundaries between the SEC and CFTC, and establishing unified operating standards for exchanges and cryptocurrency companies. However, there are still significant differences in key issues such as stablecoin regulation, DeFi regulation, consumer protection, and political conflicts of interest, leading to slow progress in negotiations. NYDIG pointed out that long-term regulatory uncertainty is driving capital, talent, and innovation to flow to regions with clearer regulations such as the United Arab Emirates, Singapore, and the European Union. The encryption industry is concerned that if this legislative window is missed again, the United States may repeat the regulatory deadlock of the past few years. [Original link]