#美国证券交易委员会推进数字资产监管框架创新 Market makers being officially incorporated into the regulatory framework—what does it mean?

Recently, regulatory authorities clarified the role of market makers. While this may seem like an administrative document, it is actually a signal of market restructuring. Market makers who have been active behind price fluctuations will now need to register and undergo review, gradually bringing transparency to the previously "black box" market.

This will directly impact your trading experience:

Reduced volatility. Scenarios of sudden price gaps and frequent extreme market conditions will become less common. The market will be more stable but possibly also more "dull." This poses a significant challenge to short-term strategies that rely on sharp fluctuations.

Liquidity becomes more genuine. False liquidity decreases, and trading depth becomes healthier. However, this also means retail traders will find it harder to quickly enter and exit high-risk positions.

Licensed platforms and compliant assets gain more market trust. Exchanges and tokens with high transparency and regulatory approval will command premiums.

How to adjust your strategy moving forward?

Prioritize embracing a more regulated market environment by choosing platforms that are regulatory-friendly and operate transparently.

Shift focus to researching assets with tangible backing. Tokens backed by real economy assets, such as RWA (Real-World Asset Tokenization) and on-chain derivatives, are more risk-resistant compared to purely speculative tokens.

Mentally, adapt to the new normal of low volatility and environmental stability. Opportunities for sudden wealth are decreasing; success now depends on a deep understanding of fundamentals and long-term cognitive accumulation.

As market rules become transparent, the game is no longer about "avoiding pitfalls," but about genuine competition with counterparties. $ETH