The heavy hand of U.S. crypto regulation has finally come down!
Some are panicking and fleeing, while others are busy bottom-fishing
In this game of power, who really is the winner?
Hey folks, the U.S. Congress has been going crazy these past few days! First, the CLARITY Act broke through in the House of Representatives, assigning Bitcoin and Ethereum to the CFTC as commodities, leaving the SEC to stare helplessly at securities coins. Want to mix it up on exchanges? First, go pay and register with the CFTC! But there's good news — if you're a DeFi developer and don’t touch users' wallets, you can write code and set up nodes at will, the authorities won’t bother you.
Speaking of the GENIUS Act, stablecoins must hold 1:1 in USD or U.S. Treasury bonds, those working on algorithms face a two-year death sentence! USDC and USDT will be laughing, but DAI, which is over-collateralized, might be in trouble. The Senate is about to vote, if passed, traditional banks can openly play with stablecoins, and Wall Street's money will flood in like crazy.
Market Impact & My Bold Thesis:
Long-term: Institutional entry is the big show! Giants like Charles Schwab are already rubbing their hands, the RWA (tokenization of government bonds) track is guaranteed to be hugely profitable, projects like Ondo Finance are well-positioned! But smaller exchanges are in trouble — the registration threshold of the CFTC is ridiculously high, compliance costs can crush many.
Want to know in advance what to buy after the bill passes? Click my profile to follow me, if you miss this wave, you won't even get a sip in the next bull market!$BTC #加密市场回调
