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Brothers, the show is about to start! Old money from Wall Street and new crypto elites are in a heated debate in Washington over the issue of bringing U.S. stocks on-chain! 🆚币安聊天室
On one side, institutions like Citadel are banging the table, arguing that on-chain trading DeFi protocols function as 'exchanges' and must be regulated just like traditional exchanges, or else it's regulatory arbitrage.
On the other side, the crypto community is arguing: we are a peer-to-peer open-source protocol, not a centralized institution, and applying old rules will only drive innovation out of the United States.
At this critical juncture, both sides are starting to 'get creative':
1. The traditionalists are playing the 'compliance innovation' game: Bitcoin concept stock Strive just announced plans to raise $500 million through the most traditional preferred stock financing, then use it to buy Bitcoin! This operation is a show—completely within the existing SEC framework, using old bottles to hold new wine, perfectly avoiding all controversies around 'tokenized securities.' In simple terms: you argue your case, I’ll make money using the old rules first.
2. The legislators are trying to 'nail it down': Congress is also busy, with Senators Gillibrand and Lummis pushing for the draft of the 'CLARITY Act,' which is reportedly set to be announced this weekend! The core idea is to clarify the territories for the SEC and CFTC while trying to pave a legal path for DeFi. This aims to fundamentally solve the century-old dilemma of 'is it a security or a commodity?'
So the situation is now very clear: the market (like Strive) is already voting with its feet, testing the boundaries of the rules; while lawmakers are desperately trying to catch up and finalize new regulations. The SEC Chair's mention of a 'regulatory sandbox' could very well be an interim solution.
Will traditional finance's 'compliance innovation' run ahead first, or will Congress's new bill give a green light to native crypto? The outcome of this battle will directly determine the direction of the next wave of wealth codes. Now, pay close attention to the leading meme on the Ethereum chain, PU P PI ES, 🔥 very hot
What do you think? Do you bet on the traditional institutions 'transforming' successfully, or do you bet that the new bill can truly give DeFi freedom? #加密市场反弹 #ETH走势分析