Backpack triggered strong public backlash after launching its native token $BP due to airdrop distribution issues. Numerous KOLs and users expressed disappointment with how it was handled and criticized the project for deviating from community principles. Although the team stated it would open an appeals process and provide compensation, user trust has been severely damaged, and the token price has plummeted significantly.

The U.S. Senate Judiciary Committee has proposed removing the developer protection clause from the Cryptocurrency Market Structure Bill, arguing that this would create regulatory loopholes for unlicensed remittance businesses and potentially attract criminal groups to use decentralized platforms for illegal activities. The bill aims to clarify the regulatory boundaries for cryptocurrency software development activities.