SEC's new chairman Paul S. Atkins has made an important proposal: allowing compliant financial institutions to simultaneously custody and trade securities (such as stocks and bonds) and non-securities (such as cryptocurrencies and stablecoins) on the same platform. This change could have the following significant impacts:
1. The era of 'one-stop shopping' in financial services has arrived
- In the future, platforms like Coinbase will allow direct purchases of Bitcoin, US stocks, and even ETFs using USDC
- Investors no longer need to switch between multiple platforms, and trading costs will be significantly reduced
- Paving the way for a 'financial super app' similar to WeChat Pay
2. Cryptocurrencies are officially 'legit'
- Crypto assets will be incorporated into the mainstream U.S. financial system
- Banks and brokerages can conduct cryptocurrency business in compliance
- It may resolve the regulatory power dispute between the SEC and CFTC
3. RWA (Real World Assets) is poised for explosive opportunities
- On-chain and off-chain assets will achieve seamless connectivity
- The boundaries between cryptocurrencies and traditional finance are being broken
- Exchanges can simultaneously offer trading in Bitcoin, U.S. stocks, U.S. bonds, etc.
4. The global financial landscape may be reshaped
- The U.S. financial system will become more inclusive
- The competitiveness of dollar digitalization is enhanced
- It may be the biggest financial regulatory change in 20 years
If this policy is implemented, it will fundamentally change the current divide between traditional finance and crypto finance, pushing the financial industry into a new era of 'cryptocurrency and stocks on the same stage.' Although the specific implementation will take time, it has already opened a broader compliant space for the development of cryptocurrencies and RWAs.
BTC
Yesterday, a support zone was established at 102000-101383, with 102000 being spot on! The conclusion here is that if it doesn't break below, we will maintain high-level fluctuations. The price has returned to the upper edge of the range, and it is recommended to observe the price reaction after probing the previous high of 107108! Enter a short position only if a small-level structure is broken! Similarly, don't blindly chase long positions.
ETH
Yesterday, a support level was set at 2355-2274, bouncing back over 200 points! The current resistance remains at 2620-2649! If it doesn't break here, it will continue downwards! Pay attention to the validity of the breakout at 2587; if it holds, there is a probability of probing liquidity above the previous high!
SOL
Yesterday, a level of 160-156 was established, allowing for a precise entry for a rebound! Currently, we are focusing on testing 170-174; if it doesn't break here, it will still test the support at 160-156 downwards!
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