I have mentioned before that when everyone is compliant, does compliance become non-existent because it is a line that must be followed? But this is incorrect; even when everyone stays within the compliant red line, this line is not a straight line.

I wonder if any of my friends remember that in the last cycle, FTX was ahead of compliance, and not only was it seeking compliance, but Sam also met then-SEC Chairman Gary through an introduction from President Biden, providing many suggestions for the foundational laws of cryptocurrency in the United States.

More importantly, Gary would share many internal SEC decisions and attitudes with Sam, of course, also seeking Sam's professional opinion. If Sam had not misappropriated public funds, it is very likely that FTX would not only be compliant but also involved in the formulation of the rules.

The benefit of this is that it allows one to know in advance what can be done, what cannot be done, and what is encouraged by the SEC or the U.S. stock market. Therefore, even if everyone is compliant, having rule-makers or being able to co-create rules is what truly positions one ahead.

@Backpack_CN, although it is not as ahead as FTX was at that time, can be seen inheriting FTX's "radical" approach in compliance. The latest news is that former SEC Commissioner Michael S. Piwowar has joined the Backpack US board of directors.

Piwowar served as a commissioner of the SEC from 2013 to 2018 and acted as the SEC's interim chairman in 2017. His background covers multiple core issues such as securities regulation, capital market structure, Dodd-Frank, JOBS Act, over-the-counter derivatives, investor protection, and capital formation.

This means that this step for Backpack US is not simply about finding a former regulator to enhance its image, but rather integrating an understanding of U.S. securities and capital market rules into strategic judgments at the board level.

At the same time, public SEC Crypto Task Force meeting records also show that when Backpack communicated with the SEC crypto task force, the topics included entering the U.S. market, engaging with the CFTC regarding DCM and DCO licenses, and issues related to the applicability of securities laws, which could even, to some extent, influence the direction of cryptocurrency compliance in the U.S.

Therefore, Backpack's strategy in the U.S. is no longer simply to open an exchange. This year, it announced the launch of Backpack Securities, emphasizing the integration of traditional securities ownership, tokenized distribution, and unified asset portfolio infrastructure, allowing users to switch between traditional securities rights and on-chain tokenized securities. Backpack officials also mentioned that they would connect to the U.S. securities infrastructure, including ACATS and DTCC rails, with each step pushing the boundaries of compliance.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。