The U.S. House of Representatives has recently begun urging the Senate to pass the Crypto Market Structure Act by the end of this month. Does this scene look familiar? Just like some project parties shout "coming soon" every day, but wait until the flowers wither.

To put it bluntly, this is a classic political tug-of-war. The House of Representatives threw out the legislative issue, as if it was about to issue a license to the crypto industry, but whether the Senate will buy it and when it will be implemented is all question marks. This is a routine with some main players in the market shouting "pull at the end of the month" - if you really believe it, what you are waiting for may be rounds of grinding torture.

We have to be sober. The "appeals" of politicians are at most a noise in the currency circle, and they care about their own political capital, not your wallet. Even if the bill is passed, who knows what regulatory provisions are hidden in it? When the time comes, don't talk about dividing the cake, even the plate may be taken away for you.

The market does not believe in mouth cannons, and only takes the landing action of money seriously. Before the regulation is clear, instead of staring at politicians acting, it is better to look at on-chain data and capital flows. After all, the rise and fall of Bitcoin never depends on the faces of the old men in Congress, and Ethereum will not change its technical course just because of a bill. Stay rational and don't let political drama influence your judgment - this is the last word to survive in this market.