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According to Odaily, the CEO of a certain exchange, Brian Armstrong, stated that the main reason for the deadlock in crypto market structure legislation negotiations lies with banking trade groups rather than individual banking institutions. Speaking at the World Liberty Forum in Florida, he pointed out that some industry associations view the crypto sector with a "zero-sum mentality," believing that for banks to win, the crypto industry must lose, thus hindering the progress of the bill. One of the current points of contention is whether to allow stablecoin rewards. After the Senate Banking Committee's efforts to advance the market structure bill were blocked, banking representatives insisted on restricting stablecoin reward provisions during multiple rounds of meetings organized by the White House. The next round of related meetings is expected to take place this week. Armstrong stated that he anticipates some form of compromise in the future, offering new policy benefits to banks in exchange for their support of the bill. He also emphasized that the real concern for small and medium-sized banks is not the flow of funds to stablecoin issuers, but rather the outflow of deposits to larger banking institutions. Meanwhile, several major banks have already begun to deploy crypto businesses, and the exchange is currently providing crypto infrastructure support to "all five of the world's top five banks." Armstrong believes that since compliant stablecoin products with reward mechanisms have already emerged in the United States, the industry and regulators need to decide whether to view them as an opportunity or a threat.

ChainCatcher reported that real estate billionaire and Starwood Capital Group founder Barry Sternlicht stated that the company is ready to tokenize real-world assets (RWA) such as real estate on the blockchain. However, due to regulatory restrictions in the United States, the related plans cannot be advanced at present. Starwood manages assets exceeding $125 billion.

According to ChainCatcher, on the opening day of the World Liberty Forum hosted by World Liberty Financial at Mar-a-Lago, the platform token WLFI rose by approximately 18%. Co-founder Eric Trump stated that despite market fluctuations, the overall development of the crypto industry is still at the "one-yard line" stage, indicating that the industry is still in its early phase.