This week's delay of clarity legislation in the Senate signals growing friction within the crypto ecosystem. A major exchange CEO publicly stepped back from supporting the bill, marking a significant shift in industry coordination around regulatory frameworks. Meanwhile, traditional financial institutions are amplifying their Capitol Hill presence, with substantial lobbying budgets aimed at blocking provisions that would allow crypto firms to offer competitive interest-bearing products. Banks recognize the competitive threat but face mounting pressure as the regulatory landscape continues to evolve. The outcome of this legislative struggle will reshape how crypto platforms can operate and compete in the U.S. market.
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RugPullAlertBot
· 6h ago
Banks are desperately pouring money to shut people up, but they still can't stop the wave of crypto. Eventually, they will have to catch up...
Something's off. Even the exchange CEOs have defected. How bad does this bill have to be?
It's the old trick of the Senate again. It gets dragged out and then nothing happens. So annoying.
Traditional finance has become timid. Knowing they can't compete, they can only play political games.
Now the US crypto ecosystem is about to be messed up. Let's wait and see what happens next...
Wait, big exchanges are dropping the ball, and retail investors are going to take the blame again?
Basically, it's a power game. We, the retail investors, are just responsible for buying in and getting harvested.
Regulation, the more it drags on, the stricter it becomes. It's truly a form of torture.
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gas_fee_trauma
· 6h ago
Banks are back to their old tricks, pouring money to suppress competitors, this time targeting crypto interest products. It's hilarious, with internal conflicts like this, do they really think they can compete with traditional finance?
The industry itself is falling apart, the Senate is dragging its feet, and the CEO is betraying... This is what so-called decentralization looks like, haha.
Wait, can it really change the landscape of the US market? I feel like it's going to end in a flop again...
Banks are spending so much money lobbying, which shows they're panicking. Maybe that's a good sign.
It's a life-and-death moment to see who can survive until the end. Anyway, I will keep hodling.
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NFTPessimist
· 6h ago
I'll just say it, these exchange CEOs are all turncoats, swaying with the wind. Last week they said they supported us, and this week they changed their tune? It really makes me laugh.
The bank folks are getting desperate, spending so much money lobbying just to choke us, but we're not that powerful either; the industry has already fallen apart.
If this continues, US regulation will really become a mess, and the ones who will suffer in the end are retail investors.
The bill's delay, so be it. Anyway, the outcome is already predetermined: traditional finance wins.
Wait, this is why I've always been pessimistic about this market... it's all just利益纷争.
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NotAFinancialAdvice
· 7h ago
Really, this time the Senate played us again. What else can we do?
The bankers are getting desperate, spending so much money lobbying just to protect their tiny interest income. It's hilarious.
The exchange CEO suddenly defected, internal conflict. This means the regulatory framework is truly gone.
Things are getting more intense on the US side, it seems there's no hope for now.
It's the old story of banks versus crypto, but this time they really went all out.
Brothers, get ready for a long-term battle. This legislative fight is still far from over.
I just want to see who can finally laugh last.
This pace is too unstable. Where is the clear legislation we were promised? Just empty words.
See, money still talks. The folks on Capitol Hill buy into this.
This week's delay of clarity legislation in the Senate signals growing friction within the crypto ecosystem. A major exchange CEO publicly stepped back from supporting the bill, marking a significant shift in industry coordination around regulatory frameworks. Meanwhile, traditional financial institutions are amplifying their Capitol Hill presence, with substantial lobbying budgets aimed at blocking provisions that would allow crypto firms to offer competitive interest-bearing products. Banks recognize the competitive threat but face mounting pressure as the regulatory landscape continues to evolve. The outcome of this legislative struggle will reshape how crypto platforms can operate and compete in the U.S. market.