Market structure for crypto
The definitions and regulatory clarity needed for various digital assets (currencies, securities, commodities, collectibles) to guide founders and enable compliant innovation onshore in the United States.
entitydetail.created_at
7/26/2025, 1:54:02 AM
entitydetail.last_updated
7/26/2025, 4:00:30 AM
entitydetail.research_retrieved
7/26/2025, 1:57:28 AM
Summary
The market structure for crypto is undergoing significant evolution, driven by new policies from the Donald Trump administration that distinguish between a 'Strategic Bitcoin Reserve' for Bitcoin and a managed 'Digital Asset Stockpile' for other tokens. This framework aims to provide clarity, with the SEC playing a crucial role in establishing new rules. Specific crypto assets like the $TRUMP meme coin, launched on the Solana blockchain, exemplify the market's rapid value fluctuations and fundraising potential, while also raising ethical concerns due to conflicts of interest with political figures. Broader influences on this market structure include government reform initiatives, calls for transparent open standards to combat cronyism, the evolving AI landscape, and geopolitical considerations such as potential US withdrawal from NATO.
Referenced in 2 Documents
Research Data
Extracted Attributes
Market Nature
Global
Key SEC Nominee
Paul Atkins
Regulatory Body
SEC (Securities and Exchange Commission)
CAGR (2021-2028)
11.1%
Policy Distinction
Strategic Bitcoin Reserve vs. Digital Asset Stockpile
Key SEC Commissioner
Hester Peirce
Market Concentration
High at asset and exchange levels
Common Manipulation Tactics
Wash trading, pump-and-dump schemes
Digital Asset Stockpile Purpose
Managed, for other tokens
Strategic Bitcoin Reserve Purpose
Long-hold, exclusively for Bitcoin
Projected Market Growth (2021-2028)
From $910.3 million to $1,902.5 million
Timeline
- MiCA regulation adopted, supporting the implementation of crypto market structures. (Source: web_search_results)
2023-06
- $TRUMP meme coin publicly released via an initial coin offering (ICO) on the Solana blockchain. (Source: wikipedia)
2025-01-17
- Within less than a day of its release, the aggregate market value of $TRUMP coins exceeded $27 billion. (Source: wikipedia)
2025-01-17
- A Financial Times analysis found that the $TRUMP crypto project generated at least $350 million through token sales and fees. (Source: wikipedia)
2025-03
- The Senate Banking Committee released a digital asset market structure discussion draft, indicating ongoing legislative efforts. (Source: web_search_results)
2025-07-22
Wikipedia
View on Wikipedia$Trump
$TRUMP (stylized in all caps) is a meme coin associated with United States president Donald Trump, hosted on the Solana blockchain platform. One billion coins were originally created; 800 million remain owned by two Trump-owned companies, after 200 million were publicly released in an initial coin offering (ICO) on January 17, 2025. Less than a day later, the aggregate market value of all coins was more than $27 billion, valuing Trump's holdings at more than $20 billion. A March 2025 Financial Times analysis found that the crypto project netted at least $350 million through sales of tokens and fees. The venture has faced widespread condemnation from ethics experts for Donald Trump's conflicts of interest related to the project and his presidential duties. During the second Trump administration, Trump has promoted $TRUMP and taken actions that have raised the value of the meme coin, contributing to a substantial increase in his net worth.
Web Search Results
- [PDF] Crypto assets: Market structures and EU relevance
market, in which most trading occurs in only a few crypto assets and exchanges. Conclusion By relying on granular crypto-asset trading and orderbook data, we have shed further light on the structure of the crypto-asset market. A high level of concentration has emerged as the key feature at both the asset and the exchange level. While this might be advantageous from an efficiency standpoint (due to economies of scale), it raises considerable concerns regarding the implications of a failure or [...] liquidity and volatility in these markets. This article analyses crypto-asset secondary trading on the basis of granular trading and orderbook data 2. It sheds light on the crypto market’s structure and supports the implementation of the MiCA regulation, which was adopted in June 2023. Crypto markets are global in nature, and the activities of market participants and service providers remain impossible to trace back to individual jurisdictions in systematic ways. Our analysis, therefore, [...] necessarily looks at crypto markets at large. The remainder of this article is structured along two main dimensions: 1. It focuses on crypto-asset trading from an asset perspective, covering the breadth of tradable instruments, their market shares, price developments and asset correlations. 2. It then concentrates on crypto exchanges, their subsegments, market concentration and liquidity measures. A final section summarises our findings and concludes. Crypto asset trading This section describes
- [PDF] The crypto ecosystem: key elements and risks
centralised management structure. Decentralised applications (DApps): DeFi applications offering services such as lending or trading, predominantly between cryptoassets including stablecoins. Decentralised exchange (DEX): Marketplaces built using distributed ledger or similar technology where transactions can occur directly between cryptoasset traders. Decentralised finance (DeFi): A set of alternative financial markets, products and systems that operate using cryptoassets and smart contracts [...] highlights that, despite the potential for genuine technological innovation, crypto has inherent structural flaws that pose serious risks not only to its own stability and safety, but also to the traditional financial system. The section first reviews the main structural flaws of the crypto ecosystem, including congestion, fragmentation and the need to borrow credibility from sovereign money. It also discusses the problems arising from the need for centralisation. The section then summarises [...] (2022). Insiders control token allocation and centralised exchanges dominate volumes Graph 4 A. Coins are often allocated to insiders B. Weekly trading volume1 USD bn USD bn 1 Centralised = Binance and Coinbase; Decentralised = Curve.fi, PancakeSwap (v2) and Uniswap (V2). Weekly averages of daily values. Sources: Auer, Frost and Vidal Pastor (2022); BIS (2022). Tezos Ethereum Cardano Polkadot Near Algorand Avalanche Celo Terra Solana Binance 50 40 30 20 10 0 % of initial coin allocation 400 300
- Senate Maps Cryptocurrency Market Structure; Circle Stock ...
News Senate Maps Cryptocurrency Market Structure; Circle Stock Downgraded ==================================================================== Image 3: FacebookImage 4: XImage 5: LinkedInImage 6: Share Licensing HARRISON MILLER Updated 04:15 PM ET 07/22/2025 Congress continues to move full-steam ahead on cryptocurrency legislation as the Senate Banking Committee on Tuesday released a digital asset market structure discussion draft. [...] Bitcoin miners climbed after mixed performance in early trade. Bitfarms (BITF) rallied 16.8%, while Hive Digital (HIVE) jumped 10%. MARA Holdings (MARA) and and TeraWulf (WULF) surged more than 5%. CleanSpark (CLSK) advanced 3.6%. Iren (IREN) both climbed more than 2%. Riot Platforms (RIOT) rose 1.8%. The iShares Bitcoin Trust ETF (IBIT) and other spot bitcoin ETFs gained 2.3% on Tuesday. Shares of the group are trading above buy zones, after flat base breakouts earlier this month. [...] ### Partner Center
- Cryptocurrency Market Manipulation | Econ One
Types of Cryptocurrency Market Manipulation ------------------------------------------- Market manipulation with respect to cryptocurrency encompasses numerous strategies that exploit vulnerabilities within market structures, ultimately impacting the price of a given cryptocurrency. Tactics such as wash trading and pump-and-dump schemes are designed to mislead investors by creating false impressions about market conditions in the crypto landscape.
- Cryptocurrency Market Size, Share & Trends Analysis Report, 2032
The global cryptocurrency market size was valued at USD 910.3 million in 2021 and is projected to reach USD 1,902.5 million in 2028, exhibiting a CAGR of 11.1% during the forecast 2021-2028. The cryptocurrency market is growing due to increasing adoption of blockchain technology, rising demand for decentralized finance (DeFi), institutional investments, and regulatory advancements. Enhanced transparency, security, and faster transactions attract users. Additionally, the growing popularity of [...] - [x] Market Entry Strategy - [x] Go-to-market Strategy - [x] Others (Please specify) Submit The global cryptocurrency market is projected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR of 11.1% in forecast period, 2021-2028. Read More at:- Subscribe News Letter Submit Trust Online Image 39: Comodo SecureImage 40: Comodo Secure Contact Us US +1 833 909 2966 ( Toll Free )) UK +44 808 502 0280 ( Toll Free )) APAC +91 744 740 1245 [...] ### By End-use Analysis To know how our report can help streamline your business, Speak to Analyst _Cryptocurrencies are Expected to be Adopted Majorly for Remittances Resulting in Flourishing CAGR_ Based on end-use, the market is segmented into trading, e-commerce and retail, peer-to-peer payment, and remittance.