The concept of RWA in China belongs to the financing market, while in the U.S. it belongs to the investment market. The reason it is seen as a tool for exploiting retail investors in China, whereas it is viewed as a money-making tool in the U.S., lies in the underlying logic of this RWA concept. In China, it belongs to the financing market, while in the U.S. it belongs to the investment market. The reason it is seen as a tool for exploiting retail investors in China, whereas it is viewed as a money-making tool in the U.S., lies in the underlying logic of this #比特币2025大会 .