BlockBeats News, May 18th, Digital asset investment firm NYDIG has warned that if the U.S. Cryptocurrency Market Structure Bill does not make substantial progress in Congress before the August recess, the probability of it passing thereafter may significantly decrease.

NYDIG stated that the current bipartisan political consensus on the cryptocurrency regulatory framework may only be a "temporary window." If the bill fails to advance in the coming months, after Congress reconvenes, lawmakers' attention may shift to midterm elections, fiscal budgets, and partisan political issues, potentially leading to a notable decrease in the priority of crypto legislation.

Reports indicate that the bill is seen as one of the most significant attempts at cryptocurrency regulatory framework in the U.S. to date, with key elements including defining digital asset categories, clarifying SEC and CFTC regulatory boundaries, and establishing uniform operational standards for exchanges and crypto companies.

However, key issues such as stablecoin regulation, DeFi regulation, consumer protection, and political interest conflicts still have significant differences, leading to slow progress in negotiations.

NYDIG pointed out that long-term regulatory uncertainty is driving capital, talent, and innovation towards regions with clearer regulations such as the UAE, Singapore, and the EU. The crypto industry is concerned that if this legislative window is missed again, the U.S. may replay the regulatory gridlock of the past few years.