Wall Street based brokerage Benchmark argued that this week could represent a critical threshold for digital assets. According to the firm, the market structure bill expected to be voted on in Senate committees could clarify how crypto assets are classified in the U.S., potentially ending long standing regulatory uncertainty and opening the door to broader institutional participation.
Benchmark views the shift from political debate to formal legislation as a major inflection point. The firm believes that clearly codified rules could reduce the risk of future regulatory reversals, even if Washington’s current pro crypto stance were to change, helping create a more predictable environment for the industry.
The report highlighted that firms focused on institutional clients, such as Galaxy Digital and Coinbase, could be among the biggest beneficiaries of regulatory clarity. The legislation is expected to clearly define when digital assets fall under SEC oversight and when they are regulated by the CFTC. Benchmark believes this would not eliminate volatility but would significantly reduce classification risk and strengthen the foundation of the crypto market.
