The head of a major exchange recently criticized traditional banks at the Davos Forum, using sharp language. He pointed out that large banks generally fear Bitcoin, leading them to adopt a passive strategy—desperately suppressing the market space and profit opportunities of stablecoins.

In his view, ordinary people want to earn more from crypto assets, which poses an unacceptable threat to the traditional financial system. This also explains why a certain major exchange has long opposed the clarity crypto bill—those bills actually favor bank interests.

More straightforwardly, he directly told banks that they should honestly participate in market competition instead of lobbying politicians to maintain their privileged positions. He even commented that the stablecoin bill has already given banks enough face, and now it’s time for them to truly open up to competition. This dialogue between Web3 and traditional finance reflects the deep game in the process of crypto asset compliance.