🚨 Sun Yuchen's "300 Million Coin Giveaway" Controversy: A Web3 Power Struggle Hearing Drama:

💥 On May 20, during a congressional hearing, Republican lawmakers fiercely criticized the SEC chairman: "Sun Yuchen spent 30 million dollars to buy $WLFI, reviving the Trump family project, and even became an advisor. Isn't this collusion between officials and business?"

👍 Sun Yuchen purchased $WLFI using a Huobi-related wallet (which later increased to 75 million dollars), helping its market value soar to 12 billion dollars, then dropping 60% to 12 dollars, leading to significant losses for retail investors. Democrats questioned the SEC chairman's holdings of 5 million dollars, citing a conflict of interest, but the SEC claimed that meme coins "are like trading cards, not under my jurisdiction."

👀 The most surreal part didn't stop there—during the hearing, they directly showcased the **"TRUMP Coin"** major failure incident, which once had a market value of 12 billion but now lies at 12 dollars. The SEC, however, stated: "Meme coins are just like trading cards, and I don't guarantee returns." Let's just say, they really know how to shift the blame smoothly!

But fortunes change, and the Democrats are not pushovers: "You hold 5 million in coins yourself, and your wife's family is involved in finance. Can you really enforce the law impartially?" (The audience started booing.)

🚨 The hearing directly unveiled three major "fruits" of U.S. cryptocurrency regulation:

Policy Flip: The previous administration "investigated coins at first sight," now it's "meme coins are free to go," the SEC has shifted from "iron fist" to "blame shifter."

Capital Frenzy: Wall Street smells blood, Goldman Sachs predicts that with the new policy, the U.S. crypto market value will surge by 40%, but the cost is—more insane speculation, and BTC volatility might spike to 50%!

Regulation Restart: "Grayscale Regulation" is on the table—strict control over security tokens, free rein for utility tokens, and meme coins left to their own devices, harvesting profits but not committing fraud.