In the early hours, the U.S. House of Representatives announced major news that the previously shelved cryptocurrency regulatory bill has successfully cleared key procedural hurdles. This means the bill is a significant step closer to formal legislation, and the rules of the crypto world may be completely changed as a result.
The advancement of this bill is of great significance and will promote the compliance of the crypto market:
Exchanges are no longer 'lawless territories'; opening an exchange must have the appropriate licenses and comply with regulatory requirements, ensuring better security for users' assets.
The attributes of tokens will be clearly defined by judges as securities or commodities, reducing the gray areas between projects and regulators, making the market more transparent.
The issuance of stablecoins requires 'certification,' like USDT, USDC, etc. The issuers and issuance methods of these stablecoins will have regulations to follow, reducing the risk of sudden collapse.
In the long run, compliance is the 'ticket' for crypto assets to integrate into the mainstream.
The acceleration of this bill's advancement was significantly influenced by former President Trump behind the scenes. In recent months, Trump's attitude towards cryptocurrencies has undergone a 180-degree turn. He not only boldly declared to 'embrace crypto' and aims to become the 'crypto president,' but also personally met with major figures in the crypto world to listen to opinions and discuss policies. Clearly, Trump is betting on the crypto space to gain support from young voters and tech elites. His involvement has also positively impacted the crypto industry, possibly signaling the end of the 'policy winter' for the crypto sector.
Once the news broke, the market reacted quickly, with mainstream coins like BTC and ETH rising. However, the duration of this market trend still depends on whether the bill can clear the Senate and the specific terms' strictness or leniency.
For ordinary retail investors, blindly chasing the rise is not a wise move, but it is advisable to focus on the following directions:
Compliant leaders, such as large exchanges like Coinbase that have complied early, will have more prominent advantages.
The Ethereum ecosystem, with the favorable bill and the expectation of ETH spot ETF approval, is worth focusing on.
For 'Trump concept' meme coins, caution is required, as these purely speculative air coins carry extremely high risks.
The U.S. House of Representatives passing this bill is a significant milestone in crypto history, indicating that the mainstream world is accelerating its acceptance of cryptocurrencies. Although there may be volatility in the short term, the larger trend is clear; compliance will attract more traditional funds, and valuable projects will eventually stand out. Investors should remain calm, focus on promising sectors, and manage their positions well.
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