The essence of this bill is the shift from viewing cryptocurrency as a security to viewing it as a commodity. This change occurred because the SEC was too strict regarding cryptocurrencies, while the CFTC was more lenient. Therefore, the market has always hoped that the CFTC would take charge, and only when the SEC determines that a specific token is a security will it fall under SEC management.

However, the SEC has become much more lenient now, so the significance of this bill is not substantial in the short term. This is also one of Trump's contributions. The most important point is that both parties in the United States unanimously believe that cryptocurrency will be a key focus for the country moving forward, and both parties will work together to promote this, which is the most crucial aspect.

This article is sponsored by #Bitget ｜ @Bitget_zh

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