A major crypto exchange's leadership has publicly voiced strong opposition to a proposed market structure bill. The CEO stated the company cannot endorse the legislation, citing excessively restrictive provisions that would constrain industry operations. The message was direct: better to have no regulatory framework than one that's poorly constructed and burdensome. This stance reflects broader tensions between the crypto sector and policymakers over how to regulate digital asset trading. The exchange argues that overly rigid restrictions could stifle innovation and competitiveness in an increasingly important financial segment. The comments underscore the ongoing debate around finding balanced regulatory approaches that protect consumers without unnecessarily handicapping market participants. Industry observers are watching closely to see whether lawmakers will incorporate feedback from major market players as legislation progresses.