Recently, a blockbuster news has been circulating in the industry: According to insiders close to the U.S. government, if a leading trading platform does not return to the negotiation table and reach a mutually satisfactory revenue agreement with banks, the White House is very likely to withdraw its support for the Crypto Market Structure Bill entirely.
The incident began with the platform taking unilateral action on Wednesday, without prior notice to the White House or the entire industry. Officially, this was met with considerable anger, with officials calling it a "sudden change of stance." The White House's position is clear: one company does not represent the entire industry, and the ultimate decision on the regulatory framework for the cryptocurrency market lies with the President, not with any corporate leader.
This reflects the complex power struggle among government agencies, financial institutions, and exchanges. The progress of the bill requires consensus among all parties; any unilateral move by one side could disrupt this delicate balance.
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WalletDetective
· 22h ago
Here we go again, a platform unilaterally walking away and causing the entire industry to blow up.
Is the White House just showing muscle or really about to turn hostile? It feels a bit over the top.
The banks should stop pretending; honestly, it's just a matter of not reaching an agreement on profit sharing.
These people are playing power games, and we, the retail investors, are just waiting to be cut.
I really don't understand why it has to be the government top officials making the decisions. This is the consequence of centralization.
Damn, another delay. I still have to wait a few more months for this law case.
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NewDAOdreamer
· 22h ago
This is a typical case of a big shot turning hostile. A single whip strike causes the entire industry to tremble.
Coming again with this trick? Playing mind games at the negotiation table, and retail investors are the ones who end up losing in the end.
The White House's move is ruthless, hitting a certain exchange's vital point.
The path to compliance is getting narrower and narrower. It seems that on-chain is the real way out.
If a platform can cause such a big wave, it shows how concentrated regulatory power is...ridiculous.
It's just a matter of利益分配没谈拢, and now they want to turn it into an industry confrontation.
If the bill is withdrawn this time, who the hell will be responsible?
Can banks and exchanges still achieve a win-win? I doubt it.
It feels like the government is just baiting enforcement, waiting to see who slips up first.
The most feared thing is this kind of black-box negotiation. What about transparency?
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CexIsBad
· 22h ago
Back at it again? Big platforms unilaterally causing trouble, dragging the entire industry down—truly incredible.
The White House's move is ruthless, directly threatening to revoke bill support... Looks like political struggles are more intense than price fluctuations.
One exchange dares to challenge the government—are they trying to get themselves killed? That's why I say CEXs are just paper tigers.
It's all about利益博弈 (interest games); in the end, it's still the retail investors getting harvested. This is the fate of centralization.
They talk about their own去吧 (go away), I only trust DeFi and self-custody. Don't bother with these convoluted schemes.
The government is really angry... This bill might be dead this time. When that happens, no one will have a good time.
By the way, does this top platform think they are too capable? Serves them right for getting cleaned up.
Negotiations are always about利益妥协 (interest compromises). Cryptocurrency was meant to be decentralized, but now these institutions have ruined that.
Unilateral u-turn? Bro, this move is really a bit outrageous. No wonder the officials are losing their temper.
Banks and exchanges working together to squeeze out small investors—this show has always been the same.
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GhostInTheChain
· 22h ago
Ha, coming with this again? CEX big shots really dare to go solo, and as a result, they are pressed on the negotiation table by the White House. This is what you call shooting yourself in the foot.
They really crossed the political red line, not knowing their own limits.
To put it simply, it's because the profit distribution negotiations fell through, and now they're being held back. Serves them right.
That group of government folks loves to play checks and balances; none of them should think they can dominate alone. I'll just watch and see.
Recently, a blockbuster news has been circulating in the industry: According to insiders close to the U.S. government, if a leading trading platform does not return to the negotiation table and reach a mutually satisfactory revenue agreement with banks, the White House is very likely to withdraw its support for the Crypto Market Structure Bill entirely.
The incident began with the platform taking unilateral action on Wednesday, without prior notice to the White House or the entire industry. Officially, this was met with considerable anger, with officials calling it a "sudden change of stance." The White House's position is clear: one company does not represent the entire industry, and the ultimate decision on the regulatory framework for the cryptocurrency market lies with the President, not with any corporate leader.
This reflects the complex power struggle among government agencies, financial institutions, and exchanges. The progress of the bill requires consensus among all parties; any unilateral move by one side could disrupt this delicate balance.