What would a truly restrictive crypto regulation look like? The CEO of a major exchange platform sounded the alarm this week. According to him, the bill currently being debated in the U.S. Senate would pose several major issues: overly strict regulation of DeFi, limitations imposed on tokenized assets, and especially restrictions on stablecoin yields. All of these areas could be frozen or heavily restricted if the legislation passes as it is. This stance highlights how divided the industry remains on what constitutes acceptable regulation.