2026-01-11 23:28:58

A leading trading platform has taken new steps regarding stablecoin regulation. It is understood that the platform is putting significant effort into Congress, aiming to preserve its business model of rewarding stablecoin holders in the upcoming Crypto Asset Market Structure Act submitted to the Senate.

Where is the problem? If the bill imposes too strict restrictions on the reward mechanism, exceeding the disclosure requirements, the platform will have to change its business logic. Industry insiders reveal that the platform is weighing its options—this involves a three-way game of stablecoin application scenarios, user incentives, and compliance costs.

In simple terms, this is the final lobbying effort by a top trading platform before the market structure bill is enacted. Whether the stablecoin ecosystem can continue smoothly largely depends on how these regulatory details are finalized.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
9
Repost
Share

Comment

0/400

TokenomicsDetective

· 4h ago

Coming back with the same old persuasion? Basically, it's still about trying to hold onto that milk.

View OriginalReply0

StakeTillRetire

· 13h ago

Starting to lobby again, this routine is as familiar as it gets.

View OriginalReply0

Rugpull幸存者

· 20h ago

Are they coming to lobby again? It sounds nice to call it "compliance," but actually they just want to protect their own profits. --- Once regulation tightens, the first to run will definitely be small platforms... Large players have already found their backup plans. --- So ultimately, it's a gamble on how lenient the regulation will be. Who will laugh last is still unknown. --- Is the future of stablecoins really decided by these people arguing in Congress? That's ridiculous. --- I've said it before, the reward mechanisms are too complicated. Platforms set up layers of tricks for users, then get caught by regulators. --- Do you still trust the platform's incentive promises? I've learned my lesson. --- Once the bill passes, there will likely be another round of reshuffling, and retail investors will still get hurt. --- Instead of focusing on lobbying, it's better to see which platforms' stablecoin reserves are genuine and reliable. --- A triangular game? Sounds complicated, but it's basically platforms trying to make money and regulators trying to control funds. --- If this lobbying succeeds, users win; if it fails, our wallets will cry.

View OriginalReply0

PrivacyMaximalist

· 01-13 04:55

Starting to lobby again, this trick is no longer new.

View OriginalReply0

GateUser-00be86fc

· 01-11 23:59

Still causing trouble over at Congress again, I've seen this trick too many times. The reward model for stablecoins will have to change sooner or later; with such strict regulation, it's impossible for them to keep exploiting the system for free. Is lobbying effective? It still depends on how the bill is written. If this round gets stalled, platforms will have to come up with new tricks to lure users back. Ultimately, the game of negotiation depends on who has more influence.

View OriginalReply0

FlashLoanLarry

· 01-11 23:53

ngl the real opportunity cost here is whether these rewards even move the needle on user retention once compliance kicks in... seen this playbook before, they're just negotiating basis points on an already-razor-thin margin tbh

Reply0

BearMarketGardener

· 01-11 23:47

This lobbying effort is really deep, but once the bill stalls the reward mechanism, what's the point of stablecoins?

View OriginalReply0

OnChainDetective

· 01-11 23:47

Wait, "put in the effort"? That's a clever phrase, meaning to spend money on lobbying. I checked the on-chain data, and recently, the institutional addresses on this platform have been transferring funds with some strange frequency. We need to watch the subsequent fund flows. They're also using that "triangular game" tactic, basically betting on how far regulators will clamp down. I bet five bucks that before this bill passes, there will be early fund movements. The whales must already know the inside scoop. When will we see on-chain evidence? The information asymmetry is too severe right now. How much does lobbying cost? I really want to dig into where those suspicious transfer wallets and clusters are coming from. So, in the end, stablecoins still can't escape the black box of the Federal Reserve? Fine, users will ultimately have to pay for compliance costs. Once regulatory details are out, there will be large transfers. That's been my observation pattern over the years. Waiting for monitoring alerts.

View OriginalReply0

Rekt_Recovery