#加密货币监管框架 New Chairman Selig takes office, shifting from the SEC's "strict enforcement" to the CFTC's "regulatory focus." This signal is actually worth pondering. Having navigated the crypto world for years, I’ve seen too many projects grow wildly in the gray areas of regulation, only to be delisted overnight.

Rules are more frightening than enforcement; you need to understand this. Enforcement targets already occurred bad acts, while rules tell you from the outset what you can and cannot do. This means that future projects will need approval before launch, rather than issuing tokens first and then making changes after being investigated. For retail investors, this is actually good news—at least it reduces the probability of completely air projects being rug-pulled.

But what does this also imply? Volatility may be compressed, and opportunities to profit from information asymmetry will diminish. I’ve seen too many people come in with the mindset of "early positioning, soaring to the sky," only to be completely cut down in the end. Those who last longer are the ones who find opportunities within the regulatory framework, not those gambling on loopholes.

Selig emphasizes consolidating the US's position as the global crypto hub, indicating that the policy direction is to embrace rather than suppress. Instead of constantly asking "when will it rebound," it’s better to start understanding what compliant projects look like now, learning to identify which ones have real longevity and which are just manipulator tricks. Living longer is a hundred times more important than making quick money.