Discussions on crypto market structure in Congress show positive momentum based on vibes, but legislative progress remains stalled. The current congressional environment does not favor passing laws on sentiment alone. This reflects ongoing challenges in regulating the cryptocurrency sector.
The article 'Midnight in the garden of Congress and crypto' highlights the informal atmosphere surrounding crypto market structure negotiations in Washington. It notes, 'If Congress could pass legislation on vibes alone, crypto market structure talks would be in a good place.' However, the piece underscores a stark reality: 'But that is not the Congress we have.'
This commentary points to a disconnect between optimistic discussions and the actual legislative process. Crypto market structure refers to frameworks for regulating digital assets, including oversight of exchanges and investor protections. Despite apparent goodwill in talks, the divided and procedural nature of Congress impedes swift action.
No specific timelines, bills, or quotes from lawmakers are detailed in the source, emphasizing the vibe-based optimism without substantive advancements. The title evokes a sense of late-night, garden-like informality, suggesting behind-the-scenes conversations that may not translate to policy.