When the policy stomps its foot, the crypto world shakes! With these three moves from the U.S., the retail investors better fasten their seatbelts!
A simple explanation from the Great Sage.
Brothers, the U.S. Congress made a big move last night! It's like a homeroom teacher suddenly issuing three class rules all at once—
1. CLARITY Act: Equivalent to issuing "identification cards" for cryptocurrencies, requiring exchanges to prove that their customers are not terrorists. Typical operation: reconcile your KYC data with the FBI database.
2. GENIUS Act: Effective immediately after Trump's signature on Friday, this thing issues "tax exemption cards" to blockchain companies, referencing last year's tax exemption policy for Web3 companies in Singapore; it's estimated that a bunch of projects will register U.S. shell companies overnight.
3. Anti-CBDC Surveillance Act: Directly telling the Federal Reserve "Don't think about using digital dollars to spy on people's wallets"; this operation reminds me of last year when U.S. lawmakers jumped up and down saying "This is a surveillance tool" when China promoted digital RMB.
The Great Sage's painful teaching.
Do you remember Biden's cryptocurrency tax plan proposed in 2021? When the news broke, Bitcoin plummeted 15% in one day. But this time, the GENIUS Act offers tax benefits, which could replicate the market when PayPal supported cryptocurrencies in 2020—back then BTC surged 40% in a week, and this time just keep an eye on Coinbase and MicroStrategy's stock prices to understand!
After Trump signs tonight, I will break it down in the fan group:
Which of these three acts is most beneficial for altcoins?
Should ordinary people hoard coins or cash out now?
Which dark horse coins might benefit from the policy?
Want to know the details of the future.