How a battle with bankers tarnished crypto's market structure bill near the finish line

The crypto industry is engaged in a battle against bankers, asserting that Wall Street giants have allied with community banks to undermine digital competitors before they could secure a significant legislative win. This strife poses substantial risks to a crucial market structure bill aimed at establishing a new regulatory framework for cryptocurrencies and enhancing investor protection. Existing financial institutions have pushed back vigorously against this move, citing concerns about risks and insufficient regulation. The political maneuvering impacting the bill's passage is critical, as failure to proceed could erode investor confidence and diminish investments in the crypto market. Ultimately, the outcome of this legislation will be a key factor influencing investor sentiment and market volatility, which remains precarious.