September 15: perhaps the truly important thing is no longer whether the CLARITY Act can pass.
Coinbase CEO Brian Armstrong offered another answer worth paying attention to:
If it passes, Congress will set rules for the crypto market.
If it doesn’t, the SEC and the CFTC are also prepared to keep pushing regulations.
One of the biggest problems in the crypto market over the past few years has been not knowing exactly where the red lines are—what counts as a security, who has regulatory authority, what trading platforms are allowed to do, and how far on-chain finance can go.
And now, the real change may be this:
What the United States is discussing is becoming less about “whether cryptocurrencies should exist,” and more about “how to bring them under a regulatory framework.”
These two things look similar, but they’re completely different.
If CLARITY becomes law, that would be the more ideal outcome, because the stability and long-term certainty of a law usually outweigh rules created on the fly by regulators themselves.
But even if the bill fails for now, it doesn’t mean everything is back to square one.
The SEC, the CFTC, stablecoins, RWA, tokenization, on-chain finance—these things have already started moving forward.
So on September 15, what I truly want to see isn’t a single candlestick.
I want to know whether the U.S. crypto market is finally moving from “debating whether it should exist” to “discussing how it should exist.”
If that transition is really completed, its significance could far exceed a one-day rise or fall in BTC and ETH.
Because a truly big market move doesn’t just need capital.
It also needs rules that give more capital the courage to come in.🔥
$ETH $VTHO $RE
#ZCSH资产规模突破5亿美元 #伊朗称已准备升级对美战争 #欧盟扩中央联络点框架至加密服务商 #美国10年期美债收益率创2023年11月新高 #美财政部拟回购最多60亿美元国债
Coinbase CEO Brian Armstrong offered another answer worth paying attention to:
If it passes, Congress will set rules for the crypto market.
If it doesn’t, the SEC and the CFTC are also prepared to keep pushing regulations.
One of the biggest problems in the crypto market over the past few years has been not knowing exactly where the red lines are—what counts as a security, who has regulatory authority, what trading platforms are allowed to do, and how far on-chain finance can go.
And now, the real change may be this:
What the United States is discussing is becoming less about “whether cryptocurrencies should exist,” and more about “how to bring them under a regulatory framework.”
These two things look similar, but they’re completely different.
If CLARITY becomes law, that would be the more ideal outcome, because the stability and long-term certainty of a law usually outweigh rules created on the fly by regulators themselves.
But even if the bill fails for now, it doesn’t mean everything is back to square one.
The SEC, the CFTC, stablecoins, RWA, tokenization, on-chain finance—these things have already started moving forward.
So on September 15, what I truly want to see isn’t a single candlestick.
I want to know whether the U.S. crypto market is finally moving from “debating whether it should exist” to “discussing how it should exist.”
If that transition is really completed, its significance could far exceed a one-day rise or fall in BTC and ETH.
Because a truly big market move doesn’t just need capital.
It also needs rules that give more capital the courage to come in.🔥
$ETH $VTHO $RE
#ZCSH资产规模突破5亿美元 #伊朗称已准备升级对美战争 #欧盟扩中央联络点框架至加密服务商 #美国10年期美债收益率创2023年11月新高 #美财政部拟回购最多60亿美元国债
