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Messari CEO praises proposed Republican crypto bill as "10x improvement" on previous legislation

Ryan Selkis, CEO of Messari, has praised a new Republican crypto bill called the "Digital Asset Market Structure" (DAMS) bill, which proposes a framework to fill regulatory gaps in the US Commodity Futures Trading Commission and Securities Exchange Commission related to crypto-assets. Selkis believes the bill is a significant improvement over previous crypto bills introduced to the US Congress. The bill proposes a pathway for tokens to reach compliance through decentralization without triggering securities laws. TuongVy Le, head of regulatory and policy at Bain Capital Crypto, also supports the bill, stating that it gives token issuers a path to compliance.

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