Wall Street pressures the U.S. SEC, which suspends new crypto fundraising rules
Put simply, what the SEC is doing amounts to old money on Wall Street pulling strings from behind the scenes. Between SIFMA’s legal threats and the waiting period for September’s “Clarity Act,” regulators are basically sitting on the fence—unwilling to offend the traditional financial giants, yet afraid of missing out on the crypto pie. Big Coin $BTC is currently hovering around the 64K mark; Coin $ETH is stalling around $1,894. When the news broke, the market barely moved, which suggests that investors have long treated this kind of “delay” as routine.
The real thing to watch is whether the “Clarity Act” in September can pass. If it does, the SEC’s entire fundraising framework could be scrapped and rewritten. But Wall Street’s pressure is essentially a stalling tactic. In the short term, this news is a negative for crypto fundraising projects—compliance channels are blocked again, so issuers can only keep following the old playbook. On the other hand, the more rigid regulators get, the more room there is for on-chain native玩法.
In terms of action, don’t rush to chase pumps or cut into dumps. First, see whether the SEC will issue an official statement next, then watch whether Big Coin $BTC can hold above 64K. If expectations for the bill passing heat up, the crypto fundraising theme could trigger a round of recovery. If they keep dragging it out, capital will likely continue to stay in mainstream coins to seek safety. At this level, it’s better to wait for the direction than to bet on it.
#BTC #Institutional Activity
Put simply, what the SEC is doing amounts to old money on Wall Street pulling strings from behind the scenes. Between SIFMA’s legal threats and the waiting period for September’s “Clarity Act,” regulators are basically sitting on the fence—unwilling to offend the traditional financial giants, yet afraid of missing out on the crypto pie. Big Coin $BTC is currently hovering around the 64K mark; Coin $ETH is stalling around $1,894. When the news broke, the market barely moved, which suggests that investors have long treated this kind of “delay” as routine.
The real thing to watch is whether the “Clarity Act” in September can pass. If it does, the SEC’s entire fundraising framework could be scrapped and rewritten. But Wall Street’s pressure is essentially a stalling tactic. In the short term, this news is a negative for crypto fundraising projects—compliance channels are blocked again, so issuers can only keep following the old playbook. On the other hand, the more rigid regulators get, the more room there is for on-chain native玩法.
In terms of action, don’t rush to chase pumps or cut into dumps. First, see whether the SEC will issue an official statement next, then watch whether Big Coin $BTC can hold above 64K. If expectations for the bill passing heat up, the crypto fundraising theme could trigger a round of recovery. If they keep dragging it out, capital will likely continue to stay in mainstream coins to seek safety. At this level, it’s better to wait for the direction than to bet on it.
#BTC #Institutional Activity