The chairman of the SEC just broke the ice——he slammed the table and shouted: 'Regulate stablecoins? We can't do it! We need to let banking regulators handle it!' This is equivalent to throwing the $250 billion crypto dollar market directly to the Federal Reserve and the Treasury! A global financial earthquake is about to erupt!
SEC raises the white flag: Banks are washing through regulatory power
Behind the surrender is a trillion-dollar meat pie struggle
The core of the SEC chairman's public surrender is just one sentence:
Stablecoins are not stocks, they are electronic cash! They should be managed by those who manage banknotes!
This means:
JPMorgan, Citigroup and other banking giants: Can openly issue their own stablecoins (e.g., JPM Coin's daily trading has broken $12 billion)
USDT, USDC life and death game: Either obediently find a bank for a license, or roll out of the US market!
Retail investors become lambs to be slaughtered: After the banks take over, on-chain transfers may incur 'toll fees' (refer to doubled cross-border remittance fees)
Bloodbath for three hours, 160,000 people liquidated!
On the night the bill was passed, ETH surged past $3,600, but $587 million in long and short positions exploded! A retail investor cried out: 'I placed an order at 3625, but it was immediately smashed down to 3550, my leveraged position went to zero!'
Three Knives of Bank Power Grab, each one bloody
The First Knife: Strangle Private Stablecoins
New Regulations Clear Cut:
Issuing tokens = Opening a bank: Requires dual licenses from the Federal Reserve + Treasury
Reserve funds locked in a safe: Can only buy US Treasury bonds, no touching Bitcoin or corporate bonds
Redemption Order Under Deadly Command: Must exchange for US dollars within 48 hours, otherwise face imprisonment!
USDT's overnight great escape:
Rapidly migrate to Singapore, chain transfer of $8 billion reserves
Binance suspends trading for US users, Tron blockchain's USDT trading volume surges by 300%
The Second Knife: Harvesting Global Dollar Hegemony
US Treasury Secretary Janet Yellen laughs maniacally:
'Every on-chain dollar is a lifeline for US Treasuries!'
Tough Tactics Breakdown:
Forced Binding to US Treasuries: New rules compel stablecoins to purchase short-term government bonds, swallowing $3 trillion in 5 years
Strangling RMB Internationalization: Hong Kong's digital RMB cross-border payments face US warnings of 'terrorist financing'
Sucking Blood from Emerging Markets: Argentine peso plummets, stablecoin trading volume accounts for 72% of the country!
The Third Knife: Algorithmic Stablecoins Sentenced to Death
SEC's new regulations directly throttle:
'No real gold and silver collateral? It's all a scam!'
Blood and Tears Scene:
23 algorithmic coins collectively collapsed: FRAX plummeted 98% in a week, founder absconded with funds
Retail Investor Graveyard Warning: A certain project falsely claims 'V God endorsement' to raise 200 million, investors have no recourse
Tonight's Life and Death Card: Retail Investor Survival Guide
Spot Traders Emergency Hedge
Warehouse Change Gold Channel: Coinbase has launched a 'SEC-compliant coin' section (only USDC, PAXG)
Cutting Loss Red Line: Sell immediately if USDT falls below 0.995! (Historical decoupling lowest point 0.87)
Contract Suicide Squad Military Regulations
Do Not Touch 3620-3640: The main force has buried high-frequency strangulation programs; orders will explode immediately
Hedging Iron Law: Buy $10,000 USDC spot + equivalent ETH short position, lock in losses during a crash
Bottom Picking and Burying Landmines
Prophecy: The ultimate conspiracy of banking giants
Former SEC official exposes insider information:
'This is not regulation at all, it's traditional finance's on-chain colonization!'
Three-Step Harvest Blueprint:
By the end of 2025: The Federal Reserve will issue a digital dollar, wiping out private stablecoins
2026: Cross-border remittances must go through bank chains, fees doubled
2030: 90% of global stablecoins controlled by JPMorgan and Citigroup
The Only Way Out:
Hong Kong urgently launches 'Stablecoin Sandbox 2.0', allowing some algorithmic models——transfer to Hong Kong Stock Exchange tonight!
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