The "Pure" Battle of Cryptocurrency

The article states that the legal battle with the SEC has calmed down, but the inherent conflicts within the cryptocurrency community are resurfacing. The core issue is "purity" and decentralization, which the parties are subtly struggling to assert.

Conflicts After the "War"

When Gary Gensler left the SEC, the parties within the crypto industry no longer had a common enemy. This revealed existing fractures. The question of the "decentralized" nature of a token is becoming more urgent than ever. Traditional financial institutions are gradually shifting towards $ETH instead of $SOL , possibly due to perceptions of Solana's level of centralization.

Testing "Purity" and Risks

DeFi: This issue is particularly important for DeFi projects. Is a token decentralized enough to not be considered a security? This is a "purity" test that #SEC may impose in the future.

Proof-of-Work: Even in the Proof-of-Work space, this issue is heating up. The AI project Qubic attempted to attack the Monero network using 51% hash rate, raising doubts about the resilience of this network.

Impact and Trends

The article argues that debates about decentralization will become increasingly fierce, turning the market into a direct confrontation between parties (PvP). The failure of projects lacking "purity" may not impact the overall "crypto industry," but it will have significant effects on the "crypto space," which is built on decentralized ideals. #anh_ba_cong