BREAKING: Major crypto exchange CEO takes a firm stance on pending market structure legislation, stating the platform 'cannot support' the proposal in its current form.

The executive's position is clear: 'We'd prefer no legislation to flawed legislation.' This marks a significant pushback from a leading exchange against the proposed regulatory framework that would reshape how crypto markets operate.

The disagreement highlights ongoing tensions between the crypto industry and regulators over how digital asset trading infrastructure should be governed.