$BNB $SUI $LTC 【Major Development|The US Crypto Bill Game Intensifies! The Democrats Hold Emergency Calls, Coinbase Publicly Opposes】
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🔥 Latest news, the Senate Democrats held another call with representatives from the crypto industry on Friday to discuss key details of the "Crypto Market Structure Bill." Previously, the first revision hearing for this bill had been postponed, but this call indicates that the Democrats are still actively pushing the legislative process, aiming to complete the revision hearing by the end of the month in the Agriculture Committee.
📜 Bill Path and Controversies:
· Legislative Process: The bill involves both the Banking and Agriculture Committees, and if each approves, they will merge into a unified version for a full Senate vote.
· Industry Opposition: Coinbase has publicly stated this week that it "cannot support" the draft released, claiming its "text design is unworkable," highlighting the significant gap between regulatory ideas and industry practices.
· Political Dynamics: Although the midterm elections and fiscal debates at the end of the year may impact the agenda, sources say that the crypto bill remains one of the few areas where both parties are willing to cooperate, adding a glimmer of possibility for its passage.
⚖️ Core Contradictions:
Will the advancement of the bill bring the long-awaited "regulatory clarity" to the US crypto market, or could it stifle innovation due to design flaws? Will Coinbase's public opposition trigger a broader industry backlash?
💡 Market Impact Considerations:
· If the bill is ultimately passed, will it change the competitive landscape of global crypto regulation?
· How will the current legislative game affect the market's short-term expectations for crypto asset compliance?
· Does this mean that, regardless of the outcome, deep interaction between the crypto industry and traditional political systems has become inevitable?
⚠️ Key Reminder: The legislative process is complex and variable, with high uncertainty regarding the final text and timing of passage.
👉 What form do you think this bill will ultimately take? Is it a blessing or a curse for centralized exchanges and the entire crypto ecosystem? Feel free to share your insights!
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