PANews, October 22 – According to Bloomberg, a16z Crypto stated in its "2025 State of Crypto Report" released on Wednesday that the issuance of over 13 million Meme coins in 2025 highlights the regulatory vacuum in the crypto sector and indicates the urgent need for the United States to pass relevant market structure legislation. The report emphasizes that regulation should provide a clearer framework-building path for crypto developers and investors. The fund noted that if the "Digital Asset Market Structure Bill" currently submitted to Congress is passed, it will introduce safeguards to protect consumers, enable regulation of blockchain-based intermediaries, and create a clearer regulatory path for digital commodities. The report points out that the surge in Meme coins over the past year reflects the absence of a regulatory framework. Meme coins are highly volatile and carry unprecedented risks, which not only demonstrate the enormous potential of crypto as an asset class but also reveal its well-known speculative investment risks.