More than 100 cryptocurrency firms, including Coinbase, Ripple, and Andreessen Horowitz, have signed a joint appeal urging the U.S. Senate Banking Committee to advance market structure legislation for digital assets.
What the joint appeal to the Senate Banking Committee says
The coalition, organized through the Blockchain Association and the Chamber of Crypto Innovation, sent a letter calling on the Senate Banking Committee to move forward with a markup of comprehensive market structure rules. The coalition letter represents one of the largest coordinated industry efforts to push U.S. lawmakers toward clearer crypto regulation.
The appeal specifically targets market structure clarity, a long-standing demand from digital asset companies that have operated under fragmented and often contradictory regulatory guidance. The full letter was directed at the committee responsible for overseeing U.S. financial policy.
With more than 100 signatories, the appeal signals that the push for federal crypto legislation has moved well beyond a handful of lobbying firms. The breadth of the coalition spans exchanges, blockchain infrastructure companies, venture capital firms, and DeFi projects.
Why Coinbase, Ripple, and Andreessen Horowitz joining matters
Coinbase, one of the largest publicly traded crypto exchanges in the United States, has been at the center of regulatory disputes for years. Its participation in the coalition underscores how deeply exchange operators want legislative certainty rather than regulation through enforcement.
Ripple brings a different dimension to the coalition. The company has been embroiled in one of the most closely watched U.S. regulatory battles in crypto history, making its involvement a signal that firms across different stages of regulatory conflict see legislation as the preferred path forward. Ripple's ongoing role in cross-chain developments, such as its RLUSD integration through cross-chain bridge infrastructure, shows the company continues building despite legal uncertainty.
Andreessen Horowitz, known as a16z, adds the weight of traditional venture capital. The firm has deployed billions into crypto startups, and its presence in the coalition signals that institutional investors view regulatory clarity as essential to continued capital deployment in the sector.
Together, these three names represent the exchange, blockchain, and investor sides of the industry, making the appeal difficult for lawmakers to dismiss as a narrow special interest effort.
What the appeal could mean for U.S. crypto regulation next
The Senate Banking Committee holds jurisdiction over key aspects of U.S. financial oversight, and any market structure bill would need to pass through it. A coalition of this size pressuring the committee could accelerate the timeline for a formal markup session.
The appeal arrives as U.S. crypto policy remains a politically active topic. Recent cases involving alleged insider trading on prediction platforms and law enforcement requests to freeze stablecoin assets have highlighted the gaps that exist without comprehensive federal legislation.
For the more than 100 firms that signed the letter, the core argument is straightforward: the current regulatory patchwork creates compliance costs, legal risk, and competitive disadvantages compared to jurisdictions that have already enacted digital asset frameworks. Whether the committee responds with a markup in the current session will be the next development to watch.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.