The Senate Agriculture Committee has voted to advance digital asset market structure legislation, a move that industry representatives say is an important step toward establishing clear regulations for the sector. The Blockchain Association, a nonprofit group representing more than 100 members from leading companies and projects in the cryptocurrency field, responded to the committee’s action.
“Today’s vote in the Senate Agriculture Committee to advance digital asset market structure legislation out of committee marks an important step toward clear rules of the road for our industry. The work now shifts to building a strong bipartisan coalition to get market structure across the finish line. Congress must deliver a framework that protects consumers, supports responsible innovation, and ensures the United States remains the best place in the world to build and grow the digital asset economy. We look forward to working with lawmakers in both parties as this legislation moves forward.” — Blockchain Association CEO Summer Mersinger
The Blockchain Association operates as a 501(c)(6) nonprofit organization based in Washington, D.C., focusing on advocacy for blockchain technology and policy development at the federal level according to its official website. Since its founding in fall 2018, it has worked with policymakers and industry leaders to promote supportive regulations for blockchain and digital assets.
The association provides education services aimed at informing lawmakers about blockchain’s potential benefits while collaborating with its diverse membership base. Its leadership includes policy experts dedicated to advancing innovation within a secure and consumer-friendly digital marketplace. By engaging directly with federal policymakers, it seeks to shape regulatory frameworks that foster growth and decentralization within the U.S. crypto economy.
