Major exchange signals potential shift on stablecoin regulations. According to Bloomberg, a leading compliance-focused platform has made it clear they may reconsider their backing of the CLARITY Act—unless the proposal stays focused strictly on disclosure mandates. The point of contention? Any provisions that would restrict stablecoin reward mechanisms beyond existing transparency requirements. This move highlights the ongoing tension between regulators aiming to tighten stablecoin oversight and exchanges seeking to preserve competitive mechanisms in the market. The CLARITY Act itself is designed to bring stablecoins under clearer regulatory frameworks, but industry players are drawing lines around how far these restrictions should extend. Whether this becomes a dealbreaker or negotiating leverage remains to be seen, but the message is unmistakable: major platforms won't silently accept every regulatory proposal that touches their business model.