The policy stance of a leading compliant platform is quite interesting. On the surface, they support the bill, but their actual goal is to seek clarity in the regulatory framework—such as the division of judicial authority, DeFi protection clauses, and standards for commodity definitions—all need to be clarified. However, their bottom line is that they cannot touch their stablecoin yield business. Rather than outright opposition, it’s more about a high-level interest game. This is the reality of Web3 policy promotion: it must appear to be regulatory compliance while protecting their own business models. The role that exchanges play in the bill often determines the future direction of the entire industry.