Deep Tide TechFlow News, on August 18, Bitmine Chairman Tom Lee stated that the White House's GENIUS Act and the cryptocurrency projects of the U.S. Securities and Exchange Commission (SEC) will bring significant changes to the financial services industry, comparable to the historic moment in 1971 when the U.S. terminated the Bretton Woods system and the dollar detached from the gold standard.

Lee pointed out that the establishment of this regulatory framework will promote the development of digital infrastructure in the Ethereum ecosystem. He emphasized that while the market generally focuses on the direct impacts of regulation, more importantly, it will foster innovation and development in digital financial infrastructure.