The release of these market structure principles comes on the heels of significant legislative momentum for digital assets, including the recent Senate passage of the GENIUS Act— stablecoin legislation that Senator Hagerty co-authored alongside Chairman Scott and Senator Lummis. As Senator Hagerty noted after the GENIUS Act’s passage, “the United States is one step closer to becoming the crypto capital of the world,” and these new market structure principles represent the next crucial step in that journey.