The SEC is no longer playing with guns but shaking hands! From pointing guns at developers to sitting down to set rules, U.S. crypto regulation has finally become what programmers wanted!
I’m slapping my thigh, folks! It turns out that SEC Chairman Gensler made a bold statement at the DeFi roundtable a few days ago: "Self-custody wallets are a sacred and inviolable property right of Americans!" This is equivalent to an official stamp saying that managing our own private keys is absolutely justified! You should know that last year MetaMask was chased by the SEC like a black market entity, and now there's a complete 180-degree turn. This move is more surreal than Musk releasing Dogecoin!
Previously, having a self-custody wallet was like running a hardware store selling kitchen knives; if a robber used your kitchen knife to rob a bank, the SEC would immediately label you as "aiding and abetting a crime." Now Gensler is directly stating: "Knife manufacturers are only responsible for making good knives; what robbers do is not your concern! We programmers no longer have to crouch down to write code while anxiously fearing lawsuits!
The spring has come for wallet enthusiasts: Previously, the U.S. forced the Phoenix wallet to flee overnight, but now with the new regulations, I've heard that the Coinbase wallet will have on-chain KYC built-in! From now on, we can hold our own private keys and comply with regulations to claim airdrops. I am willing to call Gensler the "savior of retail investors!"
Institutions are rushing in: Traditional giants like JPMorgan used to find managing crypto assets troublesome, but now that the SEC has abolished SAB121, I’ve heard that BlackRock has secretly purchased 20,000 BTC! Looking at Ethereum ETFs with 15 consecutive days of inflows, these big institutions are devouring this opportunity like a Shiba Inu that hasn’t eaten for three days!
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