The crypto industry's pushback against the proposed market structure bill extends well beyond a single player. Multiple crypto firms have voiced serious reservations about the legislation, with concerns spanning across several critical areas.

The main points of contention center on three fronts: stricter DeFi protocol oversight, expanded authority granted to the SEC, and proposed caps on stablecoin yield generation. Industry insiders reveal that the amendments under consideration could have imposed even more restrictive measures on the sector.

This coordinated opposition from various market participants underscores the potential ripple effects such regulation could have across the entire ecosystem—from decentralized finance protocols to yield mechanisms and token economics.