The post David Sacks urges industry action as U.S. crypto market structure bill nears passage appeared on BitcoinEthereumNews.com.

White House adviser David Sacks is urging the crypto industry to use a sudden pause in Senate action on a U.S. crypto market structure bill to close remaining gaps in the legislation. While the delay has pushed back the committee’s timetable and left the next hearing date unspecified, Sacks said that passage of the bill remains as close as it has ever been and argued that the industry should treat the pause as an opportunity to resolve differences rather than walk away from the process. Pause in markup after Coinbase withdraws support The banking committee of the U.S. Senate was scheduled to markup its crypto market structure bill, but stated that the markup would not be scheduled. The committee chairman, Tim Scott, confirmed that the markup had been delayed, but he did not provide a specific date. The ruling was reached a few hours after Armstrong’s announcement that Coinbase would not assist with the current form of the bill. Armstrong cited the clauses regarding rewards on stablecoins, tokenized equities, and what he described as an undermining of the Commodity Futures Trading Commission as justifications for not providing such support. In this regard, Sacks wrote that market structure legislation has never been as near as it is currently, and that the crypto industry should take a break to address any outstanding differences. He explained that this is the moment to establish the rules of the road and shape the future of this industry, and offered the break in the schedule as an opportunity to finalize the negotiation.  Passage of market structure legislation remains as close as it’s ever been. The crypto industry should use this pause to resolve any remaining differences. Now is the time to set the rules of the road and secure the future of this industry. https://t.co/8tsmW9T1N4 —…

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Filed under: News - @ January 15, 2026 1:22 pm