The crypto industry is showing clear divides over proposed market structure reforms. While some major players—including leading venture capital firms, blockchain infrastructure providers, and the industry's primary trade association—have voiced support for the Banking GOP's latest market structure bill, not all stakeholders are aligned. Notably, at least one major exchange platform has taken a contrarian stance and come out against the proposal. The endorsements from prominent industry names like a16z, Circle, and Kraken signal significant backing from both institutional investors and established crypto infrastructure operators. This divergence of opinion highlights the ongoing debate within the sector about regulatory frameworks and market structure reforms, with different players weighing in based on their distinct interests and business models.