2026-01-16 17:32:01

Regulatory disagreements trigger market turbulence. The US Senate's CLARITY Act on cryptocurrencies faces obstacles in its progress, as a leading exchange announced its withdrawal of support due to concerns over stablecoin competition risks, causing industry polarization. Meanwhile, Securitize's stock surged nearly 10% after receiving backing from investment institutions and SPAC-related stocks soared, while the exchange's stock price was pressured and fell by 4%. This withdrawal reflects the利益冲突 between traditional exchanges and new financial infrastructure platforms in the stablecoin ecosystem—one side attempting to maintain market position through policy influence, and the other seeking compliance breakthroughs. The Senate Banking Committee subsequently decided to postpone deliberation, and market opinions on subsequent policy directions remain divided. This round of competition essentially represents a reallocation of power between on-chain finance and traditional financial systems within the regulatory framework.

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BackrowObserver

· 16h ago

Really typical, big exchanges are protecting their own turf.

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MetadataExplorer

· 16h ago

Here we go again, the exchange is terrified of being overthrown, huh?

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TokenRationEater

· 16h ago

Haha, it's the same old trick again. Major exchanges are probably afraid of being overthrown. Stablecoins are truly a battleground; whoever controls them wins. It's no surprise that the CLARITY bill is stalled. That bunch in Washington just likes to drag things out, waiting for all parties to tear each other apart. Securitize is up 10%, luckily backed by institutions, or else this track would have been ignored long ago. Honestly, it's all about money, nothing else.

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ShortingEnthusiast

· 16h ago

This is a typical case of big fish eating small fish, afraid of being displaced from their positions. The major exchanges' moves this time are really impressive. As soon as Securitize takes off, they immediately withdraw, showing how cowardly they are. Policy tug-of-war continues, but in the end, retail investors are the ones who suffer. Basically, it's a redistribution of power—whoever holds the discourse rights will be the last to laugh. I'm optimistic about Securitize in this direction; the traditional players are already starting to panic.

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DAOplomacy

· 16h ago

tbh the whole stablecoin angle here is kinda giving "rent-seeking through regulatory capture" vibes... like yeah yeah power redistribution blah blah, but has anyone actually mapped the non-trivial externalities on retail? the path dependency alone...

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