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The U.S. Senate advances cryptocurrency market regulation framework — digital assets see progress towards standardization
【Crypto World】The latest draft bill on the structure of the crypto market released by the U.S. Senate has attracted much attention. The core goal of this bill is to establish a clear and comprehensive regulatory framework for digital assets.
In terms of content, the new framework attempts to clarify the regulatory authorities and standards for different types of digital assets, filling the current regulatory gaps in the crypto market. This move indicates that the U.S. is gradually advancing towards standardized management of crypto assets, and in the future, all aspects such as trading, issuance, and custody of digital assets may face more explicit legal requirements.
For market participants, this regulatory direction’s certainty may bring compliance costs but could also lay a foundation for the market’s long-term development.
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Compliance costs are going to rise again, who will bear the brunt...
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The US is about to impose a golden hoop on the crypto industry, it seems it will get even stricter later.
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Finally, someone wants to sort out this mess, about time.
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Both frameworks and standards, in the end, just new tricks to cut leeks.
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Now small transaction earnings are hard to keep, big players have probably been prepared for this for a long time.
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Clear regulation is actually good for retail investors, at least we don't have to worry every day.
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It's already 2024 and they're still "promoting" it, the efficiency is truly remarkable.
Alright, we have to wait for the US's follow-up actions again. Whether we can still trade coins in 2024 all depends on these people's attitudes.
Wait, can this framework really regulate exchanges? I don't believe it...
Clear framework? Uh... I think this time it's probably still just talking in circles haha.
By early next year, we'll be busy updating compliance. Who knows if it's good news or bad news now?
Okay, I've prepared it. I heard new rules are coming out again. Will the entire market have to reshuffle?
This time, it should be able to weed out some shady exchanges. Isn't that a good thing for us small retail investors?
The goal seems pretty clear, just depends on how well they execute... How many of the previous drafts have actually been implemented?
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The implementation of the regulatory framework means the end of the wild growth era. It depends on how it will be enforced...
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So, compliant exchanges have already been planning ahead, and it's time for the shady exchanges to run away haha.
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It feels like after this round of regulation, many projects will have to reassess themselves. Those with real strength are actually not afraid.
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Wait, are they going to regulate crypto like stocks? What about my土狗币...
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Having high certainty is good, but I'm worried that once certainty arrives, it will lead to a brutal crackdown. History tends to repeat itself.
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Seeing the regulatory framework come out, it feels like the US is really taking crypto seriously. Is this a long-term positive signal?
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Another bunch of bills. It seems like the US is just trying to cut the leeks.
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Clear framework? I think it's more like a clear framework for cutting leeks...
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But on the other hand, long-term regulation is indeed necessary; there are too many chaotic situations.
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Trading, issuance, custody—all need to be reviewed? How much compliance cost does that entail, my goodness.
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Here it comes, the new era of the crypto world... I don't know if it's good or bad.
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Regulatory certainty is good; at least we don't have to be on edge every day.
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Filling the gaps? I see it as a ticket prepared for big institutions.
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It was about time to regulate; too many projects are running away...
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Now small retail investors will find it even harder to survive. By the way, are you still holding on?
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Here comes another round of cutting leeks. No matter what framework is proposed, in the end, there are still more restrictions.
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With the US taking action, the whole world has to follow suit. Let's wait and see how the domestic response will be.
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A clear framework sounds good, but I'm just worried that the execution will turn into another set of excuses.
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Finally, someone is regulating. The wild growth before should also come to an end.
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Who will bear the compliance costs? Retail investors will have to be cut again.
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This thing should have come long ago. After dragging on for so long, what kind of progress is this?
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Having certainty is always better than not. At least you know where the bottom line is.
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It's the Senate again, and it's the framework again. We've heard this rhetoric for three years. Only when it’s implemented will the true test come.
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Certainty = guaranteed cut? I don't believe this time it's for any good reason.
Standardization? Honestly, it's like adding an insurance certificate to artwork—sounds impressive, but in reality, it's just stifling those Schrödinger's bull market opportunities.
Wait, does this mean my projects in the gray areas are doomed... Feels like my Web3 decentralization spirit has been insulted.
The US wants to regulate crypto, which is exactly the kind of move Buffett would praise—it's just that we players have to pay the tuition.
That said, isn't a clear regulatory framework actually a good thing? At least it's better than the current "Schrödinger's compliance" state.
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The US is making moves again. This time, they've finally set up a framework, but whether it will be implemented effectively depends on subsequent execution.
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Honestly, regulatory certainty is a good thing for me. At least I don't have to worry every day, though the costs might have to go up.
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With a clear framework, trading will indeed become more stable, but what I care more about is how small-cap coins are defined—that's the key.
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Who will bear the compliance costs? Anyway, retail investors are going to get cut again.
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In my view, this is a victory for big institutions; retail investors still have no way out... But in the long run, it's probably a good thing.
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What does this signify? The crypto world is finally going to grow up; it's no longer a lawless land.