💥 Regulatory Earthquake! Over 10,000 Documents Exposed, Is the US SEC's Stance on Crypto Changing?

US regulation is stirring once again. A certain crypto platform unexpectedly obtained over 10,000 internal SEC documents through the Freedom of Information Act (FOIA), revealing the US Securities and Exchange Commission's vague, and at times contradictory, historical stance on the regulation of crypto assets.

🕵️‍♂️ 10,000 Documents Exposed! The Regulatory 'Black Box' Begins to Leak

The platform's chief legal counsel revealed that the FOIA documents uncovered a key signal: the SEC had significant disagreements when defining the securities characteristics of crypto assets.

This not only relates to the fate of the platform itself but also affects the legal rights of over 52 million US cryptocurrency holders. He emphasized that once these documents are made public, they are expected to become an important weapon for future industry defenses and challenges to regulatory policies.

⚖️ Did ETH Face a 'Ban'? Internal Pressure Exposed

One key document shows that as early as 2023, during a certain enforcement action, the New York Attorney General pressured federal agencies to classify ETH as a security.

Although the SEC did not respond directly at the time, the incident revealed that there was a lack of a unified consensus within the regulatory bodies regarding the classification of crypto assets, especially after Ethereum transitioned to a Proof of Stake (PoS) mechanism, intensifying the controversy.

If ETH is officially defined as a security, it would not only reshape the entire Ethereum ecosystem but also impact thousands of DeFi projects and users, resulting in skyrocketing legal compliance costs.

🏛 Legislative Turning Point Approaches? The US May Welcome 'Iron Rules' of Regulation

Amid the chaotic regulatory storm, the US Congress is also taking action.

The Financial Services Committee and the Agriculture Committee are collaborating to promote new legislation aimed at filling regulatory gaps and establishing clear boundaries for the crypto market. This legislation is expected to extend the 'FIT21' passed in 2024, accelerating the compliance of the crypto industry.

At the same time, multiple industry organizations are lobbying for the 'GENIUS Act', hoping to create a fairer development environment for the crypto industry.

✅ Summary: Regulatory Cracks Emerge, the Crypto Industry May Welcome Restructuring Opportunities

This 'Document Gate' reveals not only regulatory ambiguity but also the unstable reality behind the power struggles. As legislation gradually clarifies, the industry may face an unprecedented purification and reconstruction.