PANews February 4 news, according to The Bitcoin Historian, White House officials have just stated that President Trump will sign the Bitcoin and Cryptocurrency Market Structure Act before April.
Signing means an accelerated influx of capital: the landing of compliance will eliminate the 'regulatory risk' that large funds (such as pension funds and sovereign funds) are most worried about. A clear legal status means that more crypto ETFs and derivatives will be approved.
The United States is preparing to issue a formal 'birth certificate' and 'traffic guidelines' for 'cryptocurrency'.
To help you fully understand, I will break this bill down into plain language; let's look at it in three key points:
1. What is this bill really about? (The rules are set.)
Previously, cryptocurrencies in the U.S. were like 'undocumented immigrants'; the SEC (Securities and Exchange Commission) would penalize whoever they disliked, with always vague reasons. The core of this bill is about dividing the assets and setting the territory.
Dividing the territory: In the future, decentralized assets like Bitcoin and Ethereum will be regulated by the CFTC (Commodity Futures Trading Commission), similar to how gold and soybeans are regulated, with more leniency. Only tokens with owners, like stocks, will be regulated by the SEC.
Gaining recognition: As long as your project is sufficiently 'decentralized', you can transition from 'securities' to 'commodities', without constantly worrying about being investigated.
Setting the rules: For exchanges (like Coinbase) and stablecoin companies, as long as they meet the standards, they can obtain legitimate licenses without needing to hide.
2. Will the signing really cause a surge? (Where does the money come from?)
Long-term view: It truly leads to water flowing into the channel.
Big money is now willing to enter: Previously, many institutions managing billions of dollars were afraid to buy due to legal risks. Now, with a bill signed by the president, this becomes a legal protection. The entry of banks, pension funds, and insurance companies, the 'regular army', truly represents trillions in capital.
The environment has improved: The Trump administration's stance is clear—'We want to make America the crypto capital.' This top-level support will boost the confidence of the entire industry.
Short-term view: Don't rush to go all in.
Good news is fully priced in: It's like everyone knows a bonus will be issued tomorrow, so today they might spend all the money. If the news of the signing in April has already been anticipated and bought into, on the actual signing day, there may instead be a short-term 'profit-taking' drop.
3. What direct impact does it have on you and me?
Role impact: If you hold BTC/ETH and they are designated as 'commodities' by the bill, their status will be more stable, more like gold. If you play with DeFi/small coins, you may face stricter scrutiny, and some 'shady' projects may be shuffled out due to non-compliance. If you use stablecoins, your stablecoins will be safer in the future because the bill requires companies to have USD reserves at a 1:1 ratio, making it hard to run away.
To summarize:
This bill is like building a highway for cryptocurrencies. Although there will be dust (volatility) during the construction process, once the road is finished, luxury cars (institutional funds) can start to run.
Key reminder: Between February and April, the market will repeatedly speculate on this expectation. If the bill encounters obstacles or becomes stricter, there could be significant pitfalls.