A lot of idiots think the crypto policies supported by Trump are good for them. They benefit Web3 industry insiders and hurt ordinary retail investors. Because friendly, lenient policies mean less regulation of industry insiders—they protect people who use blockchain as a pretext to scam others. For you, for retail investors, it’s a disaster. So many idiots don’t understand this. Back then, they even got hyped along with the industry insiders. Looser policies just let them fleece you even more brazenly. Why did Singapore go from embracing Web3 in the last cycle to cracking down hard on it? Think about why. Some KOLs even say Singapore has missed out on the opportunity for Web3’s future development. Singapore saw through what this circle is really like, which is why it cleared out Web3 (telecom fraud) operators. Singapore is right to do this—it’s acting responsibly toward ordinary investors.