#加密货币监管立法 A major transformation in U.S. encryption regulation is coming! The CFTC is likely to gain comprehensive regulatory authority over the crypto spot market, which is significant for the industry's development. Finally, there will be clear rules and divisions, no longer in a regulatory gray area. The SEC focuses on securities, while the CFTC is responsible for digital commodities; this clear division can avoid the previous overlap and confusion. Although regulation has tightened, having clear rules is actually more beneficial for long-term development. Looking forward to the hearing on November 19, I believe it will provide more guidance for the market. This transformation may bring short-term fluctuations, but in the long run, it is a good thing. Everyone should remain optimistic, embrace change, and prepare for a more standardized market!