Coinbase CEO Brian Armstrong criticized a US market structure bill, arguing it would ban tokenized equities and stall the markup process. Aaron Day, CEO of the Daylight Freedom Foundation, contends that the CLARITY Act benefits large exchanges like Coinbase Global, potentially constraining DeFi and smaller competitors. A December Coinbase Institutional survey shows sentiment shifting toward bearishness, with 26% of institutional and 21% of non-institutional investors viewing the market unfavorably.
These criticisms highlight ongoing regulatory tensions around tokenized assets and exchange oversight. Proponents argue clearer policy could improve market integrity, while opponents warn that overreach may stifle innovation and limit competition in DeFi and related sectors.
As policy discussions continue, market participants will watch committee actions for signals. These actions may indicate how regulation may shape the crypto ecosystem and access to tokenized assets.
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