The news conference in the early morning must have been watched by many

In the long run, legislative regulation is a good thing with many benefits

But in the short term, it is a negative

What does this mean?

The first step in the American legislative framework is to gain control over stablecoins, regulatory power, and does not rule out the government issuing stablecoins itself; thus, the existing framework will inevitably be affected by fluctuations

If all stablecoin issuers ultimately comply with regulations, it can actually be understood as a collaboration between decentralization and centralization. If funds from gray and black industries flow onto the blockchain in the future, they can be frozen at any time. In the long run, it is positive for the crypto world, but in the short term, it further extracts liquidity from the crypto market, hence it is negative

The Federal Reserve has recently been sending signals, stating that there will not be any interest rate cuts for the time being!

The strategy can be summed up in a few words: short on highs!

The logic I have always emphasized is that all positive and negative news in the crypto world is not as effective as a direct interest rate cut from the Federal Reserve. The contradiction between exhausted liquidity and the proliferation of worthless tokens makes it certain that there will not be a season of altcoins before an interest rate cut

So we only need to focus on when the Federal Reserve will cut rates, rather than monitoring the square and charging faith everywhere! #美联储维持利率不变