A major compliant exchange's regulatory disagreement with the U.S. Congress suddenly escalated.
Last week, a key news broke in the crypto market: the largest compliant trading platform in the U.S. suddenly withdrew its support for the CLARITY crypto regulation bill just hours before the Senate vote. This move directly caused the scheduled vote to be postponed.
What exactly happened?
In fact, Congress has been pushing forward a crypto regulatory framework called CLARITY—which was originally expected to clarify the long-standing ambiguous regulatory boundaries. But clearly, at the most critical moment, this exchange changed its mind.
What signals does this reflect? Is there a problem with the bill itself, or are there deeper disagreements between the exchange and regulators? As the crypto industry continues to grow, the balance between compliance and innovation is facing new tests.
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BrokenYield
· 10h ago
lol they always pull support at the last second... classic move when the leverage ratio gets too risky. betcha the fine print had some systemic risk clause they couldn't swallow
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SchroedingersFrontrun
· 10h ago
Regretting just a few hours before the vote? This move is too... Wait, did they discover some shady dealings and change their mind at the last minute?
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BlockchainBouncer
· 11h ago
You know, this exchange really dropped the ball at a critical moment. Reversing the vote just a few hours before the event was brilliant.
Pretending to be one thing in public and another in private, no wonder everyone distrusts centralized platforms.
CLARITY has already compromised countless times, and now they can't even get past this. How long will the regulatory road take?
The exchange chickened out, probably because some part of the bill hit their sore spot.
The cost of compliance is just too high. It feels like no matter what you choose, it's a trap.
This script is always the same. They make promises and then backtrack. It's hilarious.
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DegenDreamer
· 11h ago
Suddenly betraying at the last moment, this move is really awesome haha
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MetaNomad
· 11h ago
Suddenly changing your mind a few hours before the vote? That move is brilliant, it feels like CLARITY isn't as "clear" as I imagined.
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ChainMaskedRider
· 11h ago
Suddenly changing your mind a few hours before the vote? I’m familiar with this trick. Underneath the compliant exterior, it’s still the same old face...
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MidnightSeller
· 11h ago
Basically, it's just a temporary betrayal, which is the real current state of the industry.
A major compliant exchange's regulatory disagreement with the U.S. Congress suddenly escalated.
Last week, a key news broke in the crypto market: the largest compliant trading platform in the U.S. suddenly withdrew its support for the CLARITY crypto regulation bill just hours before the Senate vote. This move directly caused the scheduled vote to be postponed.
What exactly happened?
In fact, Congress has been pushing forward a crypto regulatory framework called CLARITY—which was originally expected to clarify the long-standing ambiguous regulatory boundaries. But clearly, at the most critical moment, this exchange changed its mind.
What signals does this reflect? Is there a problem with the bill itself, or are there deeper disagreements between the exchange and regulators? As the crypto industry continues to grow, the balance between compliance and innovation is facing new tests.