Brothers, the U.S. Congress has made a big move! The most critical regulatory bill in the history of the cryptocurrency space has finally arrived, and this time it directly includes protection for developers in the law. Some will win effortlessly, while others will face downfall!

The latest version of the "Digital Asset Market Clarity Act" (CLARITY Act) has added a "protective charm"—developers of non-custodial platforms are no longer held accountable! For instance, if you develop a wallet or create a DeFi protocol, as long as you don’t touch users’ money, you won’t need to go through the hassle of obtaining licenses or paying fines like exchanges do. I wholeheartedly support this move, especially considering how Uniswap was pursued by the SEC, scaring many projects into fleeing to Switzerland and Singapore. Now the U.S. has finally realized: code is innocent, don’t impose traditional financial labels recklessly!

Coinbase is laughing all the way, as they already have licenses. With the passage of the bill, 90% of small exchanges will go bust, leaving the compliant major exchanges to monopolize the market. But DEXs will suffer; true decentralized exchanges like Uniswap can survive, but those half-hearted DEXs (like those relying on anonymous trading) will likely shut down 80%. As for institutional bigwigs? They’ve long been ready to pounce, with clear divisions between the SEC and CFTC: Bitcoin and Ethereum are considered commodities, while security tokens fall under SEC jurisdiction, making it safer for institutions to enter and scoop up assets!

I'm truly both happy and worried! Happy that we finally don’t have to live in fear while developing, but worried that Trump has gotten involved; the Democrats are fiercely criticizing the meme coins and stablecoins he’s associated with as unreliable, and the bill may face more hitches. However, in the long run, this is definitely a signal that the "regular army" is entering the crypto space, and Bull Market 2.0 may just be around the corner!

Want to stay tuned for the follow-up? Tomorrow’s House debate is bound to be explosive! Hit follow, and I’ll take you through the details of the bill, let’s discuss in the comments: are you supporting developers or exchanges this time? #CryptocurrencyRegulation $BTC #加密市场反弹