Looking at recent financial regulation debates, an interesting conflicting structure is emerging. There are suggestions that the stagnation in the progress of the Market Structure Bill is due to resistance from banking industry groups.

I think this is a classic product of zero-sum thinking. The vested interests believe that new regulatory frameworks will take away their benefits. But in reality, considering the long-term growth of the entire industry, transparency and a competitive environment are essential.

The head of a major exchange also seems to share this perspective, criticizing the stance of banking industry groups. His argument is that the entrenched interests trapped in zero-sum thinking are trying to block innovative regulatory reforms. This is truly just short-term self-preservation.

If we don't break free from zero-sum thinking, the entire industry will ultimately stagnate. As long as regulatory uncertainty persists, real innovation won't happen. In fact, establishing transparent and fair rules might be beneficial for everyone in the long run.

Both the banking industry and the cryptocurrency industry need to abandon zero-sum thinking and adopt a perspective that focuses on building a solid industry foundation together.