On one side, the Senate directly threw out a “reassurance”—— clearly exempting DeFi (decentralized finance), even protecting the most anxious questions like “Are staking rewards considered securities?” and “Will airdropped tokens be scrutinized?” It’s equivalent to creating a “safe zone” for crypto projects within the United States, with an underlying message: “Global crypto talent and quality projects, come here quickly, there are policy benefits!”
On the other side, however, they are quietly ramping up a “high-pressure crackdown”: the SEC (U.S. Securities and Exchange Commission) has directly established a “cross-border enforcement task force” specifically monitoring overseas crypto projects — especially those not registered in the U.S. but secretly serving U.S. users or settling in U.S. dollars. Previously, there were overseas anonymous projects that were frozen by the SEC and penalized to dissolution because they “touched the U.S. market,” and now this operation essentially expands the “hunting ground” to a global scale.
More critically, the SEC has recently announced 'strengthened cooperation' with the CFTC (Commodity Futures Trading Commission) - this isn't just a simple partnership. It clearly intertwines the power of 'carrot and stick' (domestic friendly policies and overseas crackdowns)! From now on, when the US wants to 'protect someone' or 'hit someone', the efficiency will only be higher, without any ambiguity.
Ultimately, the US's goal has never been to 'regulate crypto' but to 'control global crypto':
Using 'friendly policies' domestically as bait, attracting top global crypto resources (talents, projects, funds) to its territory; then using 'cross-border law enforcement' from abroad as a knife, cutting off those who do not want to be governed by the US and dare to compete for its market - this is a clear case of 'regulatory capture', wanting the entire world's crypto industry to look to it for direction!
This wave of operations has completely rewritten the 'survival rules' of the crypto circle. Whether practitioners or investors, everyone has to recalculate:
For project parties: either obediently register in the United States to gain policy protection but face strict regulation; or completely 'cut off' from the United States - no interactions with American users, no use of US dollars, and no Americans in the team, otherwise the SEC may 'come knocking' at any time;
For ordinary people: in the future, don’t just look at the white paper when evaluating projects! First check three things: Is the registration location in the United States? Does the founding team have US citizenship/residency rights? Can they reach US users? These three questions directly determine whether the project will suddenly face a 'blow-up' and be investigated!
Next, it's obvious: more and more DeFi projects will move their headquarters to the United States, and the 'law enforcement reports' targeting overseas anonymous teams will only increase - what the US wants is absolute dominance in the digital asset field. #非农就业数据来袭
