Others mock me for buying junk coins, but I’ve been keeping an eye on what’s happening on the regulatory side.
There’s a piece of information that many people might be overlooking—the U.S. CLARITY Act saw new developments yesterday. The county-level sheriff’s organization that previously opposed it has now shifted to a neutral stance. If this bill rolls out smoothly, the U.S. crypto regulatory framework will basically be set in place.
On the same day that MiCA took full effect across the EU, 244 registered institutions had already begun operating within the compliance framework. Compliance progress on the European side is indeed a step ahead of the U.S., but the U.S. is catching up.
As for the U.S. Treasury bond market size breaking through $39 trillion—although it sounds macro and may seem irrelevant, you should know that the greater the pressure from U.S. Treasuries, the less the Federal Reserve dares to raise interest rates. Today, the probability of a rate hike has dropped from the previous 29% to 21.9%. This is broadly positive for risk assets.
Nearly 1 million wallets holding TRUMP Meme Coin are all losing, with a total loss of $3.8 billion. The risk of meme coins from political figures is too high—it's purely emotional speculation. Better to stay away. If the CLARITY Act advances smoothly, the next wave of entrants will be traditional financial institutions’ money, which is a different group from retail investors buying meme coins.
However, regulatory progress is usually slow, so it’s not possible for the price to rise just because the bill moves forward today. But it will give you more confidence in the next cycle.