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White House supports the Market Structure Act? CEO of a leading platform responds to bank agreement progress
【BitPush】There is an interesting development in the crypto industry. The CEO of a leading compliant platform recently came out to clarify rumors that the Trump administration might abandon support for the Market Structure Act, stating that these rumors are completely unfounded. He directly denied the claim.
What can I say? The White House has generally maintained a positive attitude towards this matter. The platform is also negotiating terms with the banks, and the negotiations are still ongoing. What are the specific terms? The goal is to secure some preferential treatment for community banks in this bill because their core demand is to support the community banking system.
He also mentioned that both sides are trying to design better solutions and hope to see them implemented in the bill. However, the specific details will have to wait for official statements later.
Earlier reports suggested that if this platform cannot come up with a satisfactory yield plan for the banks, the White House might abandon the bill. It now appears that, at least from the official side, there is still strong support.