#加密货币监管框架 Recently saw risk alerts from the seven major financial associations, feeling a bit confused but also a little nervous 😅 Regulation is coming again, this time targeting popular concepts like stablecoins, RWA, and air coins.

After reading this article, I realized that since 2013, policy storms have occurred many times. Each time, I was so scared I felt my heart in my throat, but looking at historical data, after policies were implemented in 2013, Bitcoin dropped 30%, but what happened later? After the exchange ban in 2017, it actually triggered a global bull market; in 2021, when mining farms faced severe power outages, Bitcoin still hit a new all-time high.

This time, it feels different because the main market players are no longer domestic funds; the focus is on Wall Street ETFs and institutional holdings. The negative premium of USDT indicates that someone is rushing to escape. According to the pattern, policies usually strike at the peak of market enthusiasm, so could this be a sign of "bad news fully priced in"?

I'm a bit conflicted now—should I continue to wait and see or prepare for something? I heard that going overseas is the choice for many projects, but for us newcomers, we first need to understand under which regulatory framework it’s safer to operate. Can any experts explain how much impact this crackdown will actually have on ordinary retail investors holding coins?