#加密货币监管 After a decade of tug-of-war, the end is finally in sight! The US Cryptocurrency Market Structure Act is rushing through the Senate, and this is not just a piece of legislation but a milestone in the history of Web3 development.

Seeing this news, I feel truly excited. Why? Because it means the ultimate debate of "security or commodity" will finally have an answer. Over the past ten years, the crypto industry has been navigating through regulatory fog, with the SEC and CFTC each saying different things, and project teams and users trembling in uncertainty. Now? A framework for classified regulation is coming, like turning on a bright light for the entire industry.

What I look forward to most is the determination of the senators—aiming to finalize this by the end of December. Bank CEOs are also sitting at the negotiation table, and even both parties are discussing core issues like DeFi and anti-money laundering in a "harmonious atmosphere." What does this indicate? It shows that cryptocurrencies have become a force that the US financial system must take seriously.

Of course, I understand the banking sector's concerns about stablecoins, but this is precisely the value of institutionalized regulation—allowing innovation and risk control to coexist within a reasonable framework. The true decentralized future requires such clear rules of the game.

At this critical moment, every step forward in the industry is worth celebrating. A clear regulatory environment will attract more institutional participants, and this is exactly the necessary path for Web3 to go mainstream. Let’s witness this historic moment together.