#加密货币监管动向 As a seasoned veteran deeply involved in the cryptocurrency space for years, I am very attentive to the upcoming speech by the SEC Chairman. Looking back, the SEC's regulatory stance has always been a market mood indicator. From the ICO craze in 2017 to the recent rise of DeFi and NFTs, every major policy shift has triggered intense industry upheaval.

This speech, coinciding with the 250th anniversary of the New York Stock Exchange, is obviously of great significance. The SEC is trying to find a balance between traditional finance and emerging digital assets. I expect the speech to likely address strengthening investor protection, promoting market transparency, and other related topics. It may also mention tightening regulations on certain cryptocurrency projects.

However, we should also be cautious not to over-interpret. Past experience tells us that the practical implementation of regulatory policies often takes a long process. In the short term, the market may experience volatility, but in the long run, reasonable regulation is actually beneficial for the healthy development of the industry.

For investors who have experienced multiple bull and bear cycles, maintaining rationality and patience is crucial. Instead of blindly following market sentiment, it’s better to quietly study the value of the projects themselves. After all, those that can truly stand the test of time are always the projects that solve real problems and create genuine value.