With custody rights in hand, retail investors can turn into profit-makers! The SEC's head has loosened up, our retail investors' private keys are finally going to be 'legally on-chain'!
Crow daily analysis:
Users are standing firm!
In the past, using MetaMask or cold wallets to withdraw coins, I always feared being labeled for 'money laundering', big transfers made my hands tremble! Now that the SEC chairman has voiced support for self-custody, it’s like the official statement: 'Manage your own money, it's not illegal!'
Exchanges should be worried!
Thinking about the FTX crash, user funds were misappropriated by SBF for risky bets, losing everything! Now that the SEC supports self-custody, it’s equivalent to telling retail investors: 'Don’t stubbornly stick to exchanges, wallets are safer!' In the future, if Binance and Coinbase want to take advantage of us? They better ask if our hardware wallets agree!
Is the spring of DeFi coming?
The SEC has always focused on decentralized exchanges like Uniswap, saying they are 'operating without a license'. Now encouraging self-custody is equivalent to indirectly acknowledging: 'Users manage their own money + smart contracts for automatic trading, I’m too lazy to manage!' DeFi developers can finally breathe easy, new protocols will be even more exciting!
Crow thinks:
The good news is real, but don’t celebrate too early!
Institutional giants are entering the market: Hedge funds must be secretly pleased—no need to pay custody protection fees, they can directly seize profits on-chain, can retail investors compete?
Safety responsibility falls on oneself: If a novice loses their private key or gets phished, the SEC won’t compensate you!
Regulatory backhand prevention: Today says open, tomorrow if they require self-custody and real-name authentication, or if they crack down on mixers hard, they can still control us!
'The SEC has opened the door a crack, self-custody is stirring the pot! Crow dares to assert: In the next six months, whoever’s wallet is safe and user-friendly will reap the benefits! Friends, do you think the SEC is really letting go, or is it a long game to catch big fish? Share your predictions in the comments below!'
'I am Crow, trust institutions and you may walk in paradise; trust Crow, and let your wealth roll in the grave. If you want to stay updated or consult about effective breakthrough points, you can follow me, and I’ll guide you step by step! If I fail to deliver, feel free to wake me up in the comments!'