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.
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ReverseTradingGuru
· 8h ago
Here comes the bottleneck again, the SEC really doesn't mind bothering.
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StableNomad
· 8h ago
ngl this feels like 2017 all over again—regulatory overreach killing yield before it even gets off the ground. statistically speaking, every time sec flexes like this the smart money just exits to other chains. not financial advice but... reminds me of UST in May, except this time it's the government doing the collapsing instead
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PrivateKeyParanoia
· 8h ago
SEC wants to mess with us again, huh? Same old tricks...
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RealYieldWizard
· 8h ago
SEC is trying to stir up trouble again, this time truly angering the public.
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LightningSentry
· 8h ago
Here comes another regulation on DeFi? The SEC's reach is getting too long.
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.