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According to the latest news, Patrick Witt, Director of the White House Cryptocurrency Committee, recently stated that the enactment of the Crypto Market Structure Act has become an inevitable trend. He emphasized that a industry worth trillions of dollars has been operating for a long time without a systematic regulatory framework, which is not feasible in reality.
Witt mentioned that the industry currently faces a rare window of opportunity. With pro-crypto presidents taking office, Congress gaining authority, and the SEC and CFTC adjusting their stances—these factors combined create conditions for promoting the standardized development of the crypto market.
His view reflects a core consensus: the healthy development of the crypto market depends on a clear and systematic legal framework. An unregulated market environment may present opportunities for early participants, but in the long run, this uncertainty becomes a constraint for the entire industry. Establishing a clear set of rules not only protects investors but also provides stable expectations for compliant institutions.
Globally, many countries are exploring how to balance embracing innovation with risk prevention. The advancement of the Crypto Market Structure Act indicates that the industry is moving from the gray area toward regulated operation, which is a positive signal for participants who are long-term optimistic about crypto assets.