Today I saw the SEC announce that there will be a meeting on September 18 regarding the trading transparency prohibition, and the lineup is quite notable: SEC Chair Atkins, Commissioner Crenshaw, and Commissioner Peirce. Guests include Goldman Sachs, Morgan Stanley, and Nasdaq, basically covering the core stakeholders of investment banks, exchanges, and market makers.

What is the trading transparency prohibition? To put it bluntly, can your orders be seen and intercepted by others before they are executed? Are exchanges and brokers secretly engaging in underhanded tactics? This has been a sensitive issue on Wall Street for the past 20 years.

In my opinion, this meeting may be a positive development for retail investors. Why do I say this? Don’t forget, once the SEC's logic takes shape, neither DeFi nor CEX can escape.

Transparent trading will likely become a regulatory red line in the future, and the messy tricks in the order book will eventually be targeted. This is pressure for compliant exchanges but actually a benefit for users.

Of course, one meeting won't immediately settle everything, but the signals given by this meeting news are quite clear: in the future, financial markets must become transparent, Wall Street will need adjustments, and the crypto space must also prepare in advance. It’s inevitable, so don’t hold onto false hopes.