Powell’s summary of the currency circle:

1. Fraudulent behavior in the encryption market is mainly due to the lack of a complete regulatory system.

2. The Federal Reserve is formulating relevant regulatory policies, which means that the next regulation of the encryption circle will not only be regulated by the SEC, but also by the Federal Reserve.

PS: Although it is the United States that currently proposes supervision, the U.S. dollar is still the foundation of the currency circle, so it will definitely affect the global direction towards the crypto circle. However, the long-term benefits of regulatory policies are for retail investors. Once the big cut is implemented, their lives may not be good. .