Early this morning, the U.S. House Rules Committee did something that made the crypto world boil — it officially approved a key cryptocurrency bill (the 21st Century Financial Innovation and Technology Act), which will soon enter a full House vote! This news instantly lit up major communities, especially ETH holders who were collectively excited. Why? Let me explain in simple terms:

News front:

1. What does the passage of the bill mean?

In simple terms, the U.S. is going to set rules for cryptocurrencies, and this time the bill clearly addresses the 'identity issue' of mainstream coins like ETH. The core benefits are three points:

  1. ETH is no longer a 'certified drifter': The bill will clarify that ETH does not fall under securities (no SEC jurisdiction) but is a commodity regulated by the CFTC, effectively giving ETH a 'legal identity card.'

  2. Exchanges have peace of mind: Platforms like Coinbase and Kraken no longer need to worry daily about being sued by the SEC, compliance costs are reduced, and ETH trading will be smoother.

  3. The gates for institutional funds are wide open: Major Wall Street institutions can finally enter the market with confidence to buy ETH, and the probability of ETF approval has also significantly increased.

2. Why is ETH the biggest beneficiary?

  1. The second brother's position is stable: Bitcoin has long been recognized as a commodity, and this bill equals official recognition that ETH is 'one of the two legitimate cryptocurrencies.'

  2. The ecosystem explosion is imminent: DeFi, NFT, and Layer 2 projects in the ETH ecosystem can finally develop freely without regulatory burdens. Recently, giants like BlackRock have already started to lay out the ETH ecosystem.

  3. Staking rewards are more attractive: After confirming its non-security status, ETH staking will not be classified as illegal fundraising, allowing ordinary people to earn interest through staking (currently about 4% annualized) with more peace of mind.

Technical front:
1. It is now just past 8 hours, and ETH has safely closed above 3150, which is a strong stance. BTC is bound to return above 120,000. I decisively suggest everyone in the village continue holding, maintain the pattern, and look for ETH to first see 3200; if it breaks out, more profits can be gained, but if it fails to effectively break out, decisively take profit. If you are unsure what price level is an effective support or breakout, step in at a stable price to prevent profit loss; you can follow me for daily entry opportunities and know in advance. Follow my main page

2. What should ordinary people do now?

  1. Long-term holders (HODLers): If the bill passes the entire House (very likely), ETH may replicate the explosive surge seen by Bitcoin after its commodity status was confirmed in 2023; hold steady and don't easily get off.

  2. Cautious investors: You can build positions in stages, focusing on the ETH/BTC exchange rate (currently at a low), and Layer 2 tokens like ARB, OP in the Ethereum ecosystem may also rise.

  3. Short-term players: Pay attention to the final voting time at the end of July; the implementation of good news may trigger short-term fluctuations, but the medium to long-term trend is already clear.

Do you all think that today the second brother can reach the 3200 mark? Feel free to comment and leave your opinions.

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