Signals of a Warmer Regulatory Tone

South Korean regulatory authorities have requested exchanges to suspend crypto lending until clear guidelines are established to reduce user risks.

At the same time, two intriguing shifts have emerged in the United States:

First, the SEC Chair has stated that "only a few tokens are considered securities"; second, the Vice Chair of the Federal Reserve has advocated for allowing employees to hold a small amount of cryptocurrency to foster practical understanding.

These developments may pave the way for medium-term compliance, but short-term management of high leverage and gray areas will still be stringent.