Today's crypto policy highlights: regulatory coordination accelerates, but legislation still lacks progress

U.S. regulators have sent a clear signal, with the SEC and CFTC reiterating their collaborative regulatory framework for crypto assets in public statements. Enforcement will more clearly distinguish between security tokens and commodity-type cryptocurrencies to avoid overlapping enforcement and regulatory gaps.

Meanwhile, the legislation related to the structure of the crypto market, which was highly anticipated by the market, has not made substantial progress on this day. Congress remains in the discussion and negotiation stage.

In my view, today's policy changes do not represent a positive implementation but rather a clearer delineation of risk profiles.

The strengthening of regulatory coordination indicates that U.S. regulators have accepted the long-term existence of the crypto market. Their strategy has shifted from suppressing uncertainty to controlling foreseeable risks; however, legislative progress remains slow, meaning that systemic benefits are temporarily unavailable.

We can only say that regulation is becoming more rational, but still not friendly enough.

For the market, this is a stage where the worst-case scenario has been ruled out, but the best-case scenario has yet to materialize.

#币圈政策 #Crypto Regulation