RT Arjun Sethi (@arjunsethi)Today, the @SenateAg advanced its version of a crypto market structure bill, an important step in the Senate process.Most of the real activity in crypto doesn’t happen in code. It happens in centralized intermediaries: firms that custody customer assets, operate marketplaces, set listing standards, and intermediate access. That’s where accountability lives. That’s where market structure should begin.Posture matters.When legislation is clear-eyed about intermediaries, we get enfor ...