The crypto industry is divided on the market structure bill: Kraken, Ripple, a16z, and others hold opposing views to Coinbase.

PANews reported on January 18th that, according to The Verge, Coinbase CEO Brian Armstrong had previously stated his intention to withdraw support for the Crypto Markets Structure Act (CLARITY), saying he would "rather have no bill than a bad one." However, several major industry players hold opposing views. Kraken CEO Arjun Sethi stated that legacy issues should be resolved through negotiations rather than abandoning years of bipartisan cooperation. Chris Dixon, Managing Partner of a16z, Brad Garlinghouse, CEO of Ripple, and David Sacks, White House Special Advisor on AI and Cryptocurrency, also expressed similar views, urging all parties to resolve their differences by the end of the month. Seth Hertlein, Global Head of Policy at Ledger, pointed out that it's difficult to imagine a future environment as favorable as the present. The industry generally feels that if legislation isn't completed now, it will either be impossible to achieve in the future or will proceed under very unfavorable conditions. The crypto industry does not want software availability or content distribution rights to change with each change of administration.