#数字资产市场动态 The US crypto community is in turmoil, and the arguments are fierce!

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With the highly anticipated CLARITY regulation bill about to go to the Senate for a vote, suddenly a major platform can't hold back and directly comes out in opposition. Opposing is a big deal, and the venture capital giants are getting anxious, leading to an emergency halt of the hearings.

What exactly are they arguing about? Although this bill seems to aim to regulate the industry, it actually contains several hidden pitfalls:

**The first pitfall is stablecoins.** The bill proposes to directly ban stablecoins from generating any interest or rewards. Traditional banks are pleased, as they see a rival eliminated. But what about users and innovators? They are directly frozen out.

**The second pitfall hits DeFi.** The clauses are quite convoluted, but the meaning is clear—forcing developers of decentralized protocols to implement KYC obligations. This directly conflicts with the fundamental spirit of DeFi.

**The third pitfall targets project teams.** Want to issue tokens compliantly? The thresholds are set as high as those for going public. Small projects can forget it; they simply can't afford to play this game.

On one side is the stance of a major platform: once this broken bill passes, it can't be changed, so rather than see it fail, it's better to oppose it outright. On the other side are some venture capitalists: having a framework is better than nothing, so they plan to hold onto it and make gradual adjustments.

This internal conflict seems like a strategic battle, but at its core, it's the industry's final wager at a crossroads: what kind of regulatory rules do we want? Unfortunately, the more they change, the more complicated it gets. Washington's show is becoming more and more absurd.