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Government bill faces opposition, digital asset regulation path now divided
[Crypto World] There has been a change in the White House regarding the bill on the structure of the digital asset market. A leading compliant platform previously suddenly changed its stance and opposed the bill, catching government officials off guard. Insiders revealed that the White House is quite dissatisfied with this “180-degree turn,” believing it undermines months of communication efforts, and emphasized “this is a government bill, not a company’s.”
Where is the disagreement focused? The key lies in the provisions of the bill. It is understood that the content of the bill actually restricts the development of tokenized stocks and sets quite strict frameworks for decentralized finance (DeFi) operations. This is a major issue for many Web3 practitioners—tokenized assets and DeFi applications represent the future direction of finance, and excessive restrictions are bound to hinder industry innovation.
Currently, the government hopes that relevant parties can return to the negotiation table as soon as possible to find a balance. This reflects a deeper underlying conflict: how to find that line between regulation and innovation.