A senior executive from a leading exchange recently clarified some rumors about the White House's policy stance. He insisted that the White House has consistently maintained a positive attitude toward advancing cryptocurrency-related legislation, contrary to outside speculation about its inconsistency.

It is reported that the White House had proactively communicated with the exchange, hoping to facilitate cooperative dialogue with the banking industry. The starting point of this cooperation is quite interesting — the focus is not on providing special treatment to major banks, but rather on enabling community banks and other small and medium-sized financial institutions to gain tangible benefits from this round of crypto regulatory legislation.

Interestingly, the exchange suddenly announced its withdrawal of support for this bill last week, triggering considerable industry discussion — whether the divergence in positions between the banking industry and exchanges, or is there something else going on? This public response, to some extent, also reflects the complex strategic interplay among various parties regarding structured regulation of the crypto market.