#加密货币监管框架 Seeing the Coinbase CEO's remarks, I have to speak my mind: a clear regulatory framework is actually good for retail investors, even if it sounds unpleasant.

Remember a few years ago when the prediction market was booming? Various platforms grew wildly, and no one knew where their funds were flowing. A bunch of projects were scamming users under the guise of "decentralized prediction," only to realize when risks exploded that there was no risk management system in place. I've seen friends lose everything on a certain "prediction platform," and in the end, they couldn't even find anyone to contact.

The CFTC's regulation of prediction markets essentially brings what was once a gray area into the sunlight. This means: clear risk disclosure requirements, fund segregation protections, and genuine regulatory accountability mechanisms. Yes, this will weed out some fly-by-night platforms, but it also proves that those platforms shouldn't have existed in the first place.

What I value more now is—which platforms actively embrace the compliance framework, and which are still hiding? Those that embrace it at least show they have plans for long-term operation, rather than just running off after a quick scam. One of the secrets to surviving long on-chain is learning to distinguish between "regulated risks" and "scam risks." You can accept and manage the former, but the latter is an endless pit.