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Why Big Crypto Firms May Be the Real Winners
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Much of the early anger has focused on banking lobbyists, but a growing number of critics say the real beneficiaries are large, well-capitalized crypto firms. According to regulatory analysts, the bill introduces heavy compliance burdens such as real-time trade surveillance, expanded registration, and mandatory use of qualified custodians.
These requirements are manageable for firms like Coinbase, which already invested millions into compliance infrastructure, but they may be insurmountable for startups. As one industry critic put it, the bill risks “turning regulatory readiness into a moat,” effectively hard-coding existing market leaders’ advantages into law.
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In my eyes good big companies get a share. We need them.
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Much of the early anger has focused on banking lobbyists, but a growing number of critics say the real beneficiaries are large, well-capitalized crypto firms. According to regulatory analysts, the bill introduces heavy compliance burdens such as real-time trade surveillance, expanded registration, and mandatory use of qualified custodians.
These requirements are manageable for firms like Coinbase, which already invested millions into compliance infrastructure, but they may be insurmountable for startups. As one industry critic put it, the bill risks “turning regulatory readiness into a moat,” effectively hard-coding existing market leaders’ advantages into law.
@madmax coinbase can eat these rules for breakfast, startups not so much
