When Wall Street's regulatory hammer is finally about to ring the bell for the crypto world, will this years-long ‘regulatory fog’ finally welcome the dawn moment?

【Core Event Breakdown】

The two major regulatory giants in the U.S., the SEC and CFTC, will join forces next Monday to hold a "Crypto Regulatory Roundtable," directly inviting leading exchanges like Kraken and Crypto.com, as well as representatives from prediction market platforms Kalshi and Polymarket to face-to-face "questioning". More critically, this meeting coincides with Congress's ongoing deliberation of the "Digital Asset Market Structure Act"—if this bill passes, it will essentially delineate the "regulatory territory" for the SEC and CFTC, thoroughly resolving the century-old dilemma of "who should regulate Bitcoin".

【Exclusive Insights】

Short-term volatility warning: The Senate hasn't voted yet + the regulatory meeting is imminent, market sentiment will feel like a roller coaster. Right now, institutions are all watching for the "regulatory certainty" signal flare, any slight movement could trigger a chain reaction. Long-term positive logic: Despite the current turmoil, the establishment of a regulatory framework is actually a major positive. Just like when New York State introduced BitLicense in 2014 and the market panicked, compliant exchanges ended up taking the biggest slice of the pie. If responsibilities are clearly defined this time, the speed of compliant capital entering the market could increase by 3-5 times. Hidden gaming points: Note that compliant exchanges like Crypto.com and Kraken have been invited, while Binance and Coinbase are not on the list—this may suggest that regulators lean towards a "licensed players first" selection mechanism, and smaller exchanges should beware of being marginalized.

Even more excitingly, there are reports that the Senate may suddenly initiate voting procedures next week, and SEC Chairman Gary Gensler abruptly met with the three major stablecoin issuers on the eve of the meeting... the endgame of this chess match may come faster than we imagine. Want to know how to position yourself in advance for the regulatory dividend period? Stay tuned for the next issue revealing "Three Survival Rules for Crypto Assets in the Compliance Era". #永续合约DEX赛道之争