Cryptocurrency Regulation Upgrade: Global Policy Dynamics
The United States passed the FIT21 Act, clarifying the CFTC's jurisdiction over cryptocurrencies; the EU's MiCA regulation has come into effect, requiring stablecoin issuers to be licensed. In Asia, Hong Kong has opened retail trading, while Singapore has tightened retail leverage. Stricter regulations may suppress market sentiment in the short term, but in the long run, they will contribute to the healthy development of the industry and eliminate subpar projects.