What impact does the Federal Reserve's interest rate cut have on the crypto world?
The power struggle on Wall Street begins: is 90% of stablecoin trading happening overseas? New law cross-border crackdown!
A long-overdue breakout: finally, someone has put a leash on the "wild horse of the crypto world"!
Today, Powell revealed some solid news: the regulatory framework for stablecoins is finally moving! This is worth a shout of "well done" from everyone holding digital assets in their wallets! #PublicAccountBlockFront
So-called stablecoins are tricks that use blockchain as the technical backend while trying to play a "1:1 peg" with the US dollar. On the surface, it looks safe, but how many companies are secretly playing the "shadow banking" trick in an unregulated state? Just thinking about it sends chills down my spine—last year's collapse of Terra evaporated $40 billion, how many ordinary people's hard-earned money went to zero overnight? Now, finally, someone wants to put this rampant wild horse into the fence of the system!
Mainly two points:
1. Law enforcement authority is finally clarified
In the past, cryptocurrencies were like a ball kicked back and forth by the SEC and CFTC; now, the Treasury is leading the establishment of rules, clearly stating "which type of stablecoin is managed by which department"—if it’s a substitute for digital dollars? The banking system will supervise it; if it’s for technological innovation? Hand it over to the SEC. The law enforcement vacuum period should come to an end.
2. Plugging the loopholes for regulatory arbitrage
Those who set up shell companies in the Cayman Islands, claiming to have a billion in reserves while actually relying on air to support the so-called "stablecoins," should not think they can still play cross-border tricks. The new law will clearly require: want to get close to the US market? You must reveal all your asset cards!
Don't rush to pop the champagne; problems are still piling up:
1. Technology is running too fast, while the law is still lagging behind
The bill is still being debated in Congress over whether staking yields are considered "deposit interest" or "investment returns"? By the time a result is reached, algorithmic stablecoins may have iterated three generations.
2. The Federal Reserve is hiding its cards
Powell emphasized in his speech that it "does not affect the advancement of central bank digital currency," clearly suggesting: don't think that private stablecoins can replace real digital dollars. The competition between the two tracks has just begun #加密股IPO季 #美股代币化 #币安HODLer空投PROVE
