The public chain ETH has plummeted. Apart from a few decentralized tokens like BTC and ETH, the public chain ETH has plummeted. The Clarity Act equates altcoins with securities under SEC regulation, and future project tokens will need to be periodically disclosed, with financing not exceeding $200 million, and annual reductions not exceeding 10%. The cost-effectiveness of new project tokens is not as good as directly issuing stocks. DeFi protocols must comply with banking and brokerage regulatory requirements, and RWA stock tokenization is equivalent to securities. The altcoin model will head towards its end. Equating altcoins with securities under SEC regulation means that future project tokens will need to be periodically disclosed, with financing not exceeding $200 million, and annual reductions not exceeding 10%. The cost-effectiveness of new project tokens is not as good as directly issuing stocks. DeFi protocols must comply with banking and brokerage regulatory requirements, and RWA stock tokenization is equivalent to securities. The altcoin model will head towards its end.🤔🤔