CLARITY Act: The ultimate battle of regulation that has been split for ten years
SEC/CFTC jurisdiction reshuffle: Commodities belong to CFTC (spot regulation for Bitcoin, Ethereum, etc.), securities belong to SEC (ICO-type projects), completely ending the industry's nightmare of 'doing business while being sued' 36.
"Mature Blockchain" graduation mechanism: Public chains like ETH and SOL, if they meet decentralization + open-source + automated operation, will be classified as commodities, SEC regulatory shackles lifted! 310
DeFi immunity card: Front-end protocols, node services, and wallet development are all exempt, Uniswap no longer fears the SEC knocking at the door at midnight 36.
Old Zhu summarizes: This wave is rolling out the red carpet for Wall Street—no more compliance barriers for traditional institutions entering the market!
Institutional moves: Golden script repeats, pensions need to 'fill the pit'
Benchmark analyst Mark Palmer declares: Pension allocation to BTC will replicate the history of the gold ETF! After the approval of the gold ETF in the early 21st century, gold prices rose by 845%, now Bitcoin ETF is just starting, and institutional ammunition is being loaded 29.
JPMorgan has taken action: Accepting Bitcoin ETF as collateral, Goldman Sachs preparing 'crypto asset credit assessment', traditional financial infrastructure is madly connecting to the blockchain 310.
Old Zhu summarizes: Retail investors are still waiting for a pullback, pensions are already calculating annualized returns!
This week's risks and opportunities: Three major bills in a row
CLARITY Act (Voting from July 14-18):
Bullish trigger: If passed, the CFTC will take over spot market regulation, compliance costs for Coinbase and Kraken will drop significantly, platform tokens (like COIN) may rally 610.
Potential bearishness: Small-cap tokens may face delisting risks if classified as securities (SEC regulation), beware of junk projects collapsing!
GENIUS stablecoin bill (passed in the Senate):
100% reserves + ban on algorithmic stablecoins: USDC and USDT compliance accelerates, but the ban on interest payments may weaken appeal 610.
Banks become the biggest winners: The bill authorizes banks to custody digital assets, traditional giants will share the exchange cake 510.
Anti-CBDC Bill:
Federal Reserve bans digital dollar: stablecoins firmly secure their status as 'private dollars', long-term benefits for USDT and USDC ecosystem
