The Crypto Market Integrity Coalition (CMIC), founded by Coinbase, Circle, and The Digital Chamber, representing over 50 crypto companies, has called on President Joe Biden and Vice President Kamala Harris to establish clear cryptocurrency regulations. CMIC notes that the lack of a regulatory framework could harm consumers and hinder innovation. The coalition emphasizes that regions like the EU, Japan, and the UK have begun building relevant regulatory frameworks. Member companies stated that losses over the past few years could have been avoided with basic consumer protection measures, so they are particularly focused on establishing market integrity and industry standards. CMIC highlights that uncertainty in enforcement by regulators causes compliant companies to lose customers and market share, potentially to entities not following the rules. To address this gap, CMIC hopes the US government will work with Congress this year to push for foundational legislation to ensure the healthy development of the cryptocurrency industry. Missing this legislative opportunity would be a significant oversight both domestically and internationally.