Yesterday, $COMP $UNI $AAVE As DeFi tokens collectively dominated the exchange's gain leaderboard, even a semi-retired friend of mine messaged me asking: Why did DeFi suddenly surge? Is the bull market back? (Although I've always told everyone that we are in a bull market)
The cause of it all stems from a piece of news:
SEC's Paul Atkins is formulating an 'innovation exemption' policy for DeFi platforms!
Once the news broke, the DeFi circle, which had been quiet for three years, erupted—unlike traditional financial sandbox operations, this is a direct regulatory exemption, which can be seen as a 'get out of jail free' card for DeFi, meaning that DeFi has become an extralegal territory in the crypto space!
It's worth noting that three years ago, the well-known mixer Tornado on ETH was too popular and was accused by the U.S. Office of Foreign Assets Control (OFAC) of facilitating money laundering, leading to the Dutch police directly arresting its developer. Recently, the news of regulatory leniency suggested a potential release.
This also caused many DeFi projects to flee the U.S. that year, and many on-chain projects even prohibited U.S. citizens from participating.
Now, the SEC has completely changed its previously imposed regulatory stance from the Gensler era and has made a 180-degree turn into the 'exemption' era, which will attract a large number of DeFi projects back to the U.S.!
Remember the sudden emergence of Auntie YFI in 2020, which sparked the DeFi Summer and created an era:
SBF built the Alameda and FTX empire by raking in $4 billion from various DeFi project farm pools; exchanges also entered the public chain era, with CZ's Binance eventually rising to the top, thanks to BSC, and becoming the largest exchange! Every day, wealth myths are being created on-chain!
This new SEC policy also marks the beginning of a new era, and DeFi will rise again, even big brother CZ stated that June 9 will become DeFi Day!
I mentioned in my previous article that the issuance of the stablecoin bill is part of the U.S. plan to establish a new Bretton Woods monetary system, and this 'innovation exemption for DeFi platforms' represents the U.S. establishing the era of chain pirates—this exemption policy is akin to the new 'Navigation Act' issued by Queen Victoria in the later period of the Age of Discovery to promote domestic maritime trade, granting privateering licenses: British merchants could freely plunder maritime trading powers like the Netherlands and Spain.
There is no doubt that the SEC's final exemption resonates in a similar vein.
It must be said that it all stems from the same lineage of the Union Jack:
During the pirate era, Britain established a 'sun never sets' colonial system; thus, the U.S.'s recent DeFi deregulation reveals its ambitions—to build a new on-chain colonial empire system centered around America.
In the pirate era, all plunder was legal!
