The new cryptocurrency regulation bill, which will be presented in the U.S. Congress on May 6, is a step that the entire industry is closely watching. If the document indeed brings clarity to the oversight of stablecoins, crypto exchanges, and digital assets in general, it could provide a boost for healthy market growth.
But there is a catch: excessive regulation or unclear wording could have the opposite effect — investors will flee, startups will seek jurisdictions with softer rules, and the U.S. will lose its leadership in Web3.
In my opinion, effective regulation should:
• provide legal certainty for projects;
• protect users without stifling innovation;
• have a clear distribution of responsibilities between the SEC, CFTC, and other bodies;
• allow space for experimentation (for example, within a sandbox model).
Therefore, the answer is simple: regulation is needed. But only that which resolves problems, not creates new ones. We await the details of the bill.