The cryptocurrency industry is divided in its stance on the market structure bill, with a16z and Ripple taking positions opposite to Coinbase

Coinbase CEO Brian Armstrong previously stated that he intends to withdraw support for the Cryptocurrency Market Structure Bill (CLARITY), saying, "I would rather have no bill than a bad bill." However, several major industry players hold a position contrary to Coinbase's. Kraken CEO Arjun Sethi stated that legacy issues should be resolved through negotiation rather than abandoning years of bipartisan progress.

a16z Managing Partner Chris Dixon, Ripple CEO Brad Garlinghouse, and White House AI and Cryptocurrency Special Advisor David Sacks also expressed similar views, urging all parties to resolve their differences by the end of the month. Ledger's Global Policy Head Seth Hertlein pointed out that it is hard to imagine whether there will be such a favorable environment in the future, with the industry widely feeling that if legislation is not completed now, it will either be impossible to achieve in the future or will be conducted under very unfavorable conditions. The cryptocurrency industry does not want the availability of software or the publishing rights of content to change with each new administration.