The stance of a leading compliant exchange on the US Market Structure Bill has attracted attention. Although the exchange recently withdrew its support for the bill, leading the relevant regulatory committee to cancel its scheduled review, industry insiders generally worry that this could cause permanent damage to the bill's progress. However, the exchange management has offered a different perspective—they believe that the overall market environment and support base remain solid. This reflects the complex strategic interplay between the crypto industry and regulators. Despite policy changes in the short term, industry insiders believe that the long-term trend of market structure optimization remains unchanged, and there is still room for the bill to advance in the future. This optimistic attitude also suggests that exchanges still have confidence in the improvement of the US crypto regulatory framework and may continue to participate in policy discussions.