David Sacks, the head of artificial intelligence and cryptocurrency affairs in the United States, stated that regulation is meant to keep innovation in the cryptocurrency sector within the U.S. while preventing the risks posed by offshore companies. The meaning is clear: the U.S. wants to firmly grasp the development of cryptocurrency in its hands.

From an industry perspective, once legislation is in place, leading cryptocurrency exchanges and compliant projects will surely benefit. For example, Coinbase has been actively embracing regulation and may be able to expand more business in the future. However, those non-compliant small exchanges and vaporware projects are likely to struggle. For ordinary investors like us, with clearer regulations, investment risks can be relatively reduced, and we no longer have to worry every day about projects running away. However, legislation is not a cure-all; the cryptocurrency market is highly volatile, so everyone still needs to invest cautiously.