Crypto’s Market Structure Bill Lands — and the Cheers Turn to Backlash

[madmax]

The release of the long-awaited crypto market structure bill text was supposed to be a milestone moment. Instead, it sparked widespread frustration across the crypto community as developers, founders, and analysts began digging into the 278-page proposal released by Senate Banking Committee Chair Tim Scott under the CLARITY Act framework.

While the bill promises regulatory clarity, critics argue that its tone and structure feel more like containment than innovation. What was framed as consumer protection quickly began to look, to many, like a rulebook written with incumbents in mind — leaving smaller crypto builders questioning whether there’s still room for them in the US market.

[ed]

every time they say consumer protection it reads like incumbent protection