New Cryptocurrency Regulation Bill in the US and Canada: A Major Change is Here, Retail Investors Have a Chance to Turn the Tables!

The United States has released a significant new version of the cryptocurrency regulation bill, signaling a complete reshuffle of the regulatory landscape. Jointly introduced by the House Financial Services Committee and the Agriculture Committee, the bill cleverly balances the distribution of power: the SEC regulates 'investment contract tokens', while the CFTC oversees the cryptocurrency commodity sector.

Unlike the previously controversial FIT21 proposal, this version is closer to reality. Justin Slaughter, a former official at Paradigm, pointed out that while the new rules allow the CFTC to maintain dominance, the SEC still retains some regulatory authority until a project is fully decentralized.

Key Highlight: Introduction of the 'Decentralization Test' for the first time!

If a project is controlled by a certain party or has significant token holders (holding more than 10%), their identities must be disclosed. For a blockchain to be considered 'mature', it must meet three hard conditions: open, fully functional, and no single party holding more than 20%.

Retail investors are ecstatic: No longer shut out!

The new rules eliminate high barriers to entry, allowing ordinary investors to participate fairly, no longer just a game for the wealthy.

DeFi and Stablecoin Regulation Also Make Breakthroughs

Truly decentralized DeFi protocols that do not require custody of user funds may be exempt from stringent regulations. Meanwhile, the definition of stablecoins has been clarified; although not included in the securities category, the overall regulatory direction is becoming clearer.

Another stablecoin proposal, the 'GENIUS Act', is currently facing resistance in the Senate, with an unclear outlook.