U.S. Treasury Secretary Scott Bessent criticized certain cryptocurrency industry participants for hindering legislative progress on digital asset market structure during a Senate Banking Committee hearing. Bessent highlighted a faction within the industry that prefers no regulation, warning that without the passage of the Digital Asset Market Clarity Act, the U.S. crypto sector may struggle to advance. He echoed similar frustrations expressed by Democratic Senator Mark Warner. Bessent also pointed to the GENIUS Act, a stablecoin regulation bill, as a balanced framework and expressed hope for the market structure bill's approval this year.