#稳定币与数字货币发展 Seeing the US crypto market legislation negotiations postponed again until January next year, my first reaction is not disappointment but relief. This kind of uncertainty actually gives us the best reminder — during periods when policies are not yet clear, mindset and position management become especially important.

Whether stablecoins can be linked to yields, the scope of SEC's authority, the regulatory boundaries of DeFi... These issues seem complex but fundamentally reflect the industry’s exploration of how to coexist with traditional financial systems. But for participants like us, instead of waiting for the bill to be finalized, it’s better to ask ourselves a few questions: Is the proportion of stablecoins in my asset allocation reasonable? Am I over-concentrating risk in pursuit of returns? Do I have a clear expectation for long-term holding?

Postponements mean variables, and these variables test our resolve. Those who frequently adjust their strategies due to regulatory uncertainty are often ultimately defeated by their own emotions. Conversely, those who proactively implement safety measures and clearly understand their risk tolerance can remain calm amid volatility.

I have always believed that the best investment protection is not waiting for a perfect policy environment but developing good asset safety habits from now. Controlling position sizes, adding more safety education, and maintaining a long-term mindset will naturally help you navigate every uncertain moment.