No regulation, freely robbing your money

The SEC Chairman said that an unregulated cryptocurrency market is like a runaway horse and needs stricter regulation. They want to establish a framework and are also preparing to launch an "innovation exemption mechanism" before the end of the year. Is this meant to impose a "tightening spell" on the market or to welcome a "compliance spring"? I think this is a good thing to establish rules before development. In the past, there were many scammers in the crypto space, and retail investors suffered greatly. Now, with regulation, it's like putting a sieve on the industry, filtering out those without strength. Compliant players can instead find their footing. Moreover, the "innovation exemption" is beneficial for capable projects, allowing them to avoid regulatory red lines and focus on technology. However, the government shutdown has made policy implementation uncertain, and the market may fluctuate in the short term. What should retail investors do now?

#美SEC推动加密创新监管 $BNB $DOGE