Domestic regulation tightens in the cryptocurrency sector, it was expected yet still feels shocking.

Let’s chat about recent developments —— local debt in the country has entered a heated phase.

Take the three policies issued by Wuhan as an example, the core logic is very clear: promote state-owned enterprises to leverage, rush for A-share listings, and accelerate the financialization of resources.

Why operate this way? Ultimately, it’s about pushing those non-cash-generating existing assets to go public, relying on the capital market to accomplish the debt reduction task. And the eventual buyers are, in fact, the investors in the secondary market.

Thinking this through, it resembles how Trump once dragged the cryptocurrency sector into the water, only the paths are completely opposite: one openly supports, treating the cryptocurrency sector as an “ATM”; the other tightens regulation, yet still makes the cryptocurrency sector foot the bill.

All we can say is, congratulations to all domestic cryptocurrency friends, once again being forced to swallow this unexpected “loss”! $BTC $ETH #美联储降息 #加密市场反弹 #美联储FOMC会议