CEX CEO warns the Senate: Do not provide bailouts to banks by banning encryption rewards.

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【CEX CEO warns Senate: Do not provide bailouts to banks by banning cryptocurrency rewards】CEX CEO publicly refutes the banking industry, stating that banks are trying to maintain their monopoly by obstructing stablecoin rewards. The confrontation between CEX and the TradFi sector has escalated, intensifying lobbying efforts and accusing banks of attempting to uphold monopolies. On September 29 (Monday), CEX CEO Brian Armstrong posted on X platform (formerly Twitter) while lobbying lawmakers on the issue of stablecoin regulation in Washington, D.C. At that time, the U.S. Senate was reviewing the "Digital Asset Market Structure and Investor Protection Act," and Armstrong made the above remarks on Capitol Hill. The bill clearly stipulates the rules for Crypto Assets not covered by the "Crypto Asset Transparency and Investor Protection Act" (GENIUS Act, formally known as the Digital Asset Transparency and Investor Protection Act), will determine which agency is responsible for the regulation of Crypto Assets, and strengthen the protective measures for investors.

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