In-depth Analysis of Background
1. The essence of 'Technical Assistance TA'
is a compliant operation in the legislative process, where regulated institutions provide professional opinions.
Not providing TA means the SEC chooses to 'remain silent', possibly due to political or regulatory strategy considerations.
2. The logical stance of the SEC
Current SEC Chairman Gary Gensler adopts a strongly regulatory/prudently adversarial stance towards cryptocurrencies.
This bill may intend to 'regulate or restrict' the SEC's power, or shift some regulatory authority to other agencies (like the CFTC).
Therefore, the SEC may deliberately refuse to cooperate or delay communication to slow down the legislative process or retain space.
3. Potential impact on the market
Short-term impact: Investors are worried about regulatory opacity and legislative progress being hindered, which could easily trigger panic or wait-and-see sentiment.
Medium to long-term impact:
If the bill passes and weakens the SEC's regulatory power, it could benefit crypto assets (especially non-securities tokens).
If the SEC continues to be tough, it may lead to more suppression cases.
Short-term market sentiment
Investors lose clear expectations about policy direction, which may trigger price fluctuations.
This message signals an escalation of contradictions between regulation and legislation, showing that the U.S. is still in the 'game stage' of cryptocurrency regulation. Although uncertainty increases in the short term, from a macro perspective, more discussions in themselves indicate that the crypto market is approaching a turning point of being 'integrated into mainstream regulation'.
If you are an investor, this type of message means: be cautious in operations during short-term fluctuations, but actively pay attention to structural opportunities brought about by policy evolution.