Overview: Industry Positions
Companies align based on incentives: faster settlement, disclosures, compliance overhead, and consumer protection narratives. Support varies by business model.
Who Supports: Categories and Motives
- Exchanges and gateways: favor clarity and acceptance
- Fintechs: integrate rebates/discounts and faster payouts
- Issuers: emphasize reserves and compliant rewards
Public Statements and Themes
Common themes include transparency, safe adoption, and rails coexistence. Messaging highlights consumer protection and operational benefits.
Who Opposes and Why
Opposition centers on retail yield restrictions and design constraints. Concerns focus on innovation pace and offshore displacement.
Implications for Adoption and Design
Expect compliant reward designs, robust disclosures, and broader gateway support. Merchants benefit from faster settlement regardless of yield labels.
Conclusion
Support maps to incentives and product strategies. As designs mature, industry alignment favors clarity, safety, and speed.