2026-01-15 00:51:49

A CEO of a leading compliant platform stated that after reviewing the draft Cryptocurrency Market Structure Act released by the U.S. Senate Banking Committee, the platform cannot support this version of the legislation.

The issues mainly focus on several aspects: firstly, the draft effectively restricts the development of tokenized stocks; secondly, it sets overly strict prohibitions on the DeFi ecosystem; more concerning is its attempt to expand government access to individuals' financial records. Additionally, the bill would weaken the CFTC's regulatory authority, rendering it subordinate.

These provisions touch on core concerns of the entire industry. Tokenized assets, decentralized financial protocols, privacy protection, and regulatory balance—these are all key elements for the healthy development of the cryptocurrency ecosystem. The platform's opposition reflects the industry's deep concerns about this draft bill.

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DeadTrades_Walking

· 11h ago

Another old trick, does the government want to kill DeFi? Laughing out loud --- Losing privacy rights, this bill is really outrageous --- Tokenized assets are being shut down, my investment plan has to start over --- ngl this draft looks like it’s clearing out competitors, a bit too aggressive --- Why is it always like this? When regulation comes, it’s directly shut down. Can’t we have proper negotiations? --- CFTC directly becomes a subordinate? Is the US trying to monopolize the entire market? --- Wait, the government wants to check my account records? That’s the real issue, right? --- If DeFi doesn’t die, it’s not considered successful. This bill is simply a joke

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Ser_Liquidated

· 11h ago

Here we go again with this set? Every time, it's big platforms opposing, but in the end, we still have to compromise... If DeFi gets wiped out, what's the point of this industry anymore? The privacy issue is really excessive; the government is overreaching.

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DegenDreamer

· 11h ago

Here we go again? The government wants to get their hands into everyone's wallets... It's outrageous that DeFi was directly cut off.

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MindsetExpander

· 11h ago

Coming back with this again? What is the government thinking? They insist on pushing DeFi to the limit... Even privacy has to be handed over. Isn't this just openly trying to control us?

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