The regulatory iron fist has finally turned into cooperative hands, as the two major financial giants in the U.S., the SEC and the CFTC, are joining forces to pave the way for compliance in the crypto world—this is not a crackdown, but a competition for infrastructure in the new era.
【Plain language interpretation】
In simple terms, this meeting on September 29 is equivalent to a "joint office day" for the U.S. Securities and Exchange Commission (which regulates stocks and bonds) and the Commodity Futures Trading Commission (which regulates commodities). The two agencies are preparing to sit down and discuss how to unify regulatory standards for innovative products like cryptocurrencies, DeFi, and perpetual contracts to avoid passing the buck. Particularly noteworthy is that they may allow derivatives like perpetual contracts to trade on regulated exchanges, as well as discuss extending trading hours, simplifying data reporting rules, and even giving special "green lights" to DeFi projects.
【Market impact and personal views】
Short-term positive sentiment: Clarification of regulation will weaken the long-standing uncertainty of policies that have suppressed the crypto market like the sword of Damocles, especially benefiting institutional capital influx.
Expansion of the derivatives market: If perpetual contracts can trade on regulated platforms, it will open the door for traditional financial giants to participate, potentially triggering a new wave of product innovation.
Key points in DeFi games: The "innovation exemption mechanism" may become a lifeline for decentralized projects—completely wild DeFi may face strict regulation, while compliant DeFi will attract incremental funds.
Hidden risks: Mechanisms like combined margins may exacerbate systemic risks; caution is needed as leveraged bubbles could re-accumulate under the guise of regulation.
If perpetual contracts can land on the SEC regulatory platform, which crypto native asset do you think will be the first to be "recruited" by traditional finance? #非农就业数据来袭