The U.S. Senate has introduced a 278-page Cryptocurrency Market Structure Act. This comprehensive legislative proposal aims to regulate the operational framework of the crypto asset trading market, covering aspects such as regulatory requirements for market participants, trading mechanisms, risk management, and more. The introduction of this bill reflects the increasing concern of U.S. regulators about the crypto market and marks a move towards a more regulated digital asset industry. Industry insiders generally believe that similar systemic legislation will help improve market transparency and investor protection levels.