2026-01-15 10:32:41

A major US-regulated exchange has raised significant concerns about the Senate Banking Committee's proposed crypto legislation. According to the company's leadership, the bill as currently drafted creates several problematic restrictions:

The proposal includes what amounts to a de facto prohibition on tokenized equities—a burgeoning asset class. Additionally, it imposes strict limitations on DeFi protocols and user privacy protections. The framework also reduces the CFTC's regulatory authority below acceptable levels, and it constrains the issuance and operation of stablecoins.

These objections highlight a fundamental tension: policymakers seek to safeguard financial stability and consumer protection, while industry participants argue that overly restrictive rules could stifle innovation and push crypto activity offshore. The exchange's formal opposition signals that negotiating the details will be crucial before any legislation advances further.

DEFI1,67%

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MaticHoleFiller

· 01-15 10:59

Here comes another ban on tokenized equities? These people really don't understand what innovation means. --- Honestly, it's still the same old story. If they can't control it, they just ban it. As a result, the money all goes overseas. --- DeFi restrictions are so strict, stablecoins are also being squeezed. What's going on here? --- Exchanges daring to oppose is somewhat courageous, but whether the Senate listens or not is another story. --- Wanting both protection and innovation—how is that possible? It's destined to be a game of chess. --- Privacy protections are being cut again. It feels like the US is becoming increasingly conservative. --- Cutting the CFTC's authority? Then what's the point of regulation? Just ban it outright. --- Anyway, 99% of this bill won't pass; it's all just show. --- Who is responsible for activities flowing offshore? Congress people never think about the consequences.

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MetaMisery

· 01-15 10:59

Here we go again, trying to stifle innovation, truly impressive. --- DeFi is cooling off, and stablecoins are also getting trapped. This legislative team really doesn’t understand. --- Offshoring is only a matter of time; the US is just rushing people out. --- Tokenized equities are all banned? Then what’s the point of Web3... --- The lawmakers are too harsh; they want to crush the entire ecosystem. --- Still the same old story, regulators will never understand what innovation really means. --- CFTC has been sidelined, and now, who will be responsible? --- Instead of restrictions, guiding would be better. Why push us to a dead end? --- In the end, it will still go offshore; bans are useless. --- Privacy is being cut back; what privacy is left?

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BuyTheTop

· 01-15 10:58

Here we go again with bans and restrictions, politicians are really getting on everyone's nerves --- Over here in the US, they're causing trouble again, exchanges are directly opposing, stablecoins are about to be shut down? --- DeFi is cooling off, privacy is gone too, no wonder everyone is moving onto the chain --- Lower the CFTC's authority? That logic would make anyone lose their temper --- It's a typical case of wanting it both ways; under the guise of protecting consumers, it's actually about stifling innovation --- If it really passes, miners and developers will all have to be subsidized; this work can't be played with anymore

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ser_we_are_ngmi

· 01-15 10:42

NGL, this bill is a bit outrageous. Banning token stocks, banning DeFi cards, restricting stablecoins... It’s basically trying to push crypto out of the US.

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