A prominent exchange leader recently voiced concerns about proposed cryptocurrency legislation, arguing that poorly crafted regulatory frameworks could ultimately damage consumer interests in the U.S. market. The executive pointed to what industry observers call "regulatory capture"—where established banking institutions shape policy to their advantage—as a driving force behind flawed bill proposals. The stance reflects growing tension between crypto platforms and traditional finance in the regulatory arena. Industry leaders increasingly argue that comprehensive legislation, even with imperfections, may be preferable to the current patchwork of rules. However, some contend that maintaining the status quo remains better than accepting poorly designed regulations that could stifle innovation while failing to protect market participants.