However, as more and more fintech companies enter the cryptocurrency space, the mindset of regulators has changed. On October 15, 2021, the SEC approved the Bitcoin futures ETF, and by January 10, 2024, the spot ETF was also approved. At this point, cryptocurrencies, especially leading ones, have become a global hard currency that can rival gold and silver, truly representing a digital dollar. Although Bitcoin recently pulled back to over $100,000, it quickly rebounded to $110,000 after a brief pause, further demonstrating its resilient value.

Binance, as the world's largest cryptocurrency exchange, has reached a reconciliation with U.S. regulators that resembles a win-win situation. From the initial theft and closure of the Japanese mtGox exchange to the present day, the cryptocurrency sector has experienced a large number of hacks and fraud incidents over the past 11 years, and it has gradually gotten on the right track, moving towards legality and compliance. Although trading is still not freely allowed in certain regions, it is undeniable that cryptocurrencies are gradually becoming part of institutional and bank asset allocation, just like traditional assets such as stocks and bonds. $BTC