In simple terms, the most important congressional committee that manages the money in the U.S. — the House Financial Services Committee — has designated the week of July 14 as 'Crypto Week'! This isn't about an online summit, but rather serious discussions on several bills specifically targeting cryptocurrencies. In short, lawmakers are focusing on how to regulate our industry.
My views and insights:
Guys, this is definitely big news! Don’t think that 'Congress is meeting' is far from us. The rules discussed by these people directly affect whether exchanges can open, whether stablecoins can be issued, and even whether the coins you hold are classified as securities or commodities (this determines whether they fall under SEC or CFTC jurisdiction, which is a huge difference!).
For example: Think about the epic legal battles between Coinbase, Binance, and the SEC since last year. Isn't the core issue 'Is the SEC overstepping its bounds'? The bills under review may clearly delineate the responsibilities of the SEC (which regulates securities) and the CFTC (which regulates commodities). If passed, companies like Coinbase would face much less pressure, which would be a strong boost for the entire market!
Another example: Why was BlackRock's application for a spot Bitcoin ETF so smooth while the Ethereum ETF faced hurdles? One of the core disagreements is whether Ethereum is considered a security. If a bill can partially clarify this classification, the dawn of a spot Ethereum ETF is truly coming. Just imagine that market trend!
Key expectations:
The bills being discussed this week, although their names may be convoluted (like the '21st Century Financial Innovation and Technology Act', 'Clarity for Payment Stablecoins Act'), fundamentally revolve around three points:
Who is in charge? (SEC vs CFTC, no fighting please!)
How to regulate? (What rules should exchanges and stablecoin issuers follow?)
How do users protect themselves? (Anti-fraud, anti-money laundering, but don't overregulate).
A soul-searching question from Ailes for everyone:
What do you think will be the most significant positive outcome from this 'Crypto Week'? Is it that the ETH spot ETF is secured? Stablecoin legislation clears hurdles? Or is the SEC's 'tight grip' really going to loosen? Place your bets in the comments, and we’ll see the results in a week!
#美国众议院 #加密货币
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