A leading crypto trading platform is urging senators to safeguard stablecoin rewards programs, signaling it may reconsider its support if new legislation imposes restrictions beyond transparency requirements. The stablecoin rewards dispute is fracturing the previously unified bipartisan coalition backing the market-structure bill, with lawmakers now divided on how to regulate yield-bearing digital assets. Sources suggest this disagreement could significantly slow legislative progress, potentially pushing the proposed framework further down the Senate agenda or complicating its path to passage. The tension highlights a broader challenge: balancing investor protection through disclosure mandates against industry concerns about competitive disadvantages. Whether policymakers can bridge this gap will likely determine the timeline for comprehensive crypto market regulation.
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ApeWithNoFear
· 10h ago
It's the same old trick again, threatening the platform that if they don't cooperate, they won't get our profits. The lawmakers really are being manipulated, haha.
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DataChief
· 12h ago
It's the same old trick... claiming transparency while threatening, do they really think lawmakers are fools?
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TeaTimeTrader
· 12h ago
Here we go again with this threat narrative. Big platforms get upset and want to throw a tantrum—this tactic is so familiar.
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NotSatoshi
· 12h ago
The issue of stablecoin rewards can still cause bipartisan division, it's truly remarkable... Regulators and exchanges are about to clash again.
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Blockwatcher9000
· 12h ago
Coming with this again? The exchange threatens not to support it and just won't support it, really thinking they're all that...
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LazyDevMiner
· 12h ago
Here we go again? Exchanges threaten to hold the legislative process hostage if their demands aren't met, it's hilarious... This is the current state of the crypto world, brother.
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NFTragedy
· 12h ago
Here we go again... The exchange threatens to change their stance, politicians are about to bicker again, and this bill might be doomed.
A leading crypto trading platform is urging senators to safeguard stablecoin rewards programs, signaling it may reconsider its support if new legislation imposes restrictions beyond transparency requirements. The stablecoin rewards dispute is fracturing the previously unified bipartisan coalition backing the market-structure bill, with lawmakers now divided on how to regulate yield-bearing digital assets. Sources suggest this disagreement could significantly slow legislative progress, potentially pushing the proposed framework further down the Senate agenda or complicating its path to passage. The tension highlights a broader challenge: balancing investor protection through disclosure mandates against industry concerns about competitive disadvantages. Whether policymakers can bridge this gap will likely determine the timeline for comprehensive crypto market regulation.