The crypto industry alleges that Wall Street firms supported community banks in an effort to undermine digital asset companies. This opposition reportedly occurred as the crypto industry sought a significant legislative victory related to a market structure bill. According to reports, the conflict with bankers has negatively impacted the progress of the bill. The crypto industry believes traditional financial institutions are attempting to stifle the growth of digital competitors through regulatory influence.

The crypto industry alleges that Wall Street firms supported community banks in an effort to undermine digital asset companies. This opposition reportedly occurred as the crypto industry sought a significant legislative victory related to a market structure bill. According to reports, the conflict with bankers has negatively impacted the progress of the bill. The crypto industry believes traditional financial institutions are attempting to stifle the growth of digital competitors through regulatory influence.