Cryptocurrency legislation review faces changes: government attitude is strict, industry voices are divided

OnChainDetective · 2026-01-16T14:20:12+00:00

The U.S. government criticizes Democratic senators of the Senate Banking Committee for obstructing the Digital Asset Market Framework Bill, leading to industry turmoil as a well-known exchange withdraws support. The bill's prospects remain uncertain, with divergent opinions between supporters and opponents, and the path to compliance in the crypto market urgently needs consensus.

OnChainDetective

2026-01-16 14:20:12

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【Crypto World】The U.S. government has criticized Democratic senators of the Senate Banking Committee, accusing them of obstructing efforts before the digital asset market framework bill, jointly promoted by both parties, has officially entered the review process.

A key turning point occurred this week. The head of a well-known exchange suddenly announced the withdrawal of support for the bill, citing significant flaws in the current draft that are difficult to accept. This move has caused a stir in the industry.

The current situation is somewhat delicate. Supporters are optimistic about the bill's prospects, while opponents remain cautious about its feasibility. Some practitioners are even pessimistic about whether it will ultimately pass. What’s more troubling is that the relevant committee has not yet announced the next review schedule, making everything seem uncertain.

How long will this policy tug-of-war continue? It’s hard to say at the moment. But one thing is certain: the path to compliance in the crypto market still requires consensus among all parties on more details.

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BearMarketBuyer

· 01-16 14:50

It's starting to infight again; this bill is probably doomed. The exchange boss suddenly turning against it indicates there are indeed issues with the draft. The government is still passing the buck among themselves, and the committee has no timetable, so it seems it will be delayed for a long time.

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DYORMaster

· 01-16 14:49

Another internal conflict drama unfolds, the exchange boss suddenly changes face—this move is really brilliant. --- Government, lawmakers, and exchanges are each doing their own thing. Who the hell can represent the crypto community? --- If the draft has flaws, just say so. Don't hide it. Let's discuss what the real issues are. --- This pace... Even a joint effort by both parties can't handle it. Feels like it's going to fall apart again. --- There’s no schedule, so why are you all here voting? It’s a bit funny. --- Wait, why did the exchange suddenly turn hostile? Is there some new development behind the scenes? --- When will the path to compliance be clear? Anyway, I’ve lost hope.

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NFTHoarder

· 01-16 14:48

Coming back with this again? The big shot suddenly turns hostile, talking about flaws. I think it's just that the negotiations haven't been finalized yet. The government and exchanges each have their own little tricks. We retail investors still have to wait. I really can't understand when there will be a definitive plan. If this keeps up, when can we properly trade cryptocurrencies? Also, those Democratic lawmakers are quite interesting. They started pulling strings even before the meeting began... The road to compliance is long, brothers. Those who need to stock up should keep stocking up.

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WhaleWatcher

· 01-16 14:27

The exchange big shot suddenly turned against us, this is getting interesting. It feels like this bill is just like air, no one really wants to push it forward.

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