Here's a perspective worth considering — while the industry cheers on Senate crypto market structure proposals, not everyone's on board.

Galaxy Digital recently raised concerns about the other side of this legislative push. The headline narratives focus on regulatory clarity and opening doors for institutional capital. But dig deeper, and there's a different story.

The worry? Certain provisions in the bill could reshape market dynamics in ways that aren't immediately obvious. It's the kind of contrarian take that forces us to ask: what are we trading for this regulatory framework?

Everyone wants institutional adoption and clear rules. But Galaxy's flagging something the celebratory headlines might be overlooking — sometimes the cost of clarity comes with unexpected consequences.

Worth unpacking the full picture before taking sides.