SEC Regulatory Dust Settles: Is the Crypto Market Welcoming the Start of a 'Compliance Bull'?

The U.S. SEC released a significant statement on Tuesday, clarifying that most cryptocurrency assets do not fall under the definition of securities, and activities such as protocol mining, staking, and airdrops are excluded from the definition of 'investment contracts.' This clarification ends over a decade of regulatory ambiguity and injects confidence into the crypto market.

For prices, this classification will have three profound impacts. First, compliance costs will significantly decrease—tokens previously viewed as securities faced strict registration and disclosure requirements, but these shackles are now lifted, allowing project teams to focus on technological innovation rather than legal responses. Second, institutional funds will enter the market more rapidly—large institutions like pension funds and hedge funds have long been on the sidelines due to regulatory uncertainty, but now with clear guidance, their willingness to allocate will significantly increase, and asset management giants like BlackRock may further expand their crypto positions. Third, innovative activities will be fully activated—core activities like staking and airdrops are being officially recognized, and the DeFi ecosystem is poised for development opportunities, with staking yields from PoS chains like Ethereum becoming compliance attractions.

The CFTC subsequently announced alignment with the SEC's explanation, paving the way for bipartisan legislation in the future. The market reacted positively, with Bitcoin stabilizing above $73,000 and Ethereum returning above $2,600. Looking ahead, the clarity in regulation will drive the crypto market from 'speculation-driven' to 'value-driven,' with projects that have real application scenarios and compliant designs standing out, ushering in a new cycle of 'compliance bulls.' #SEC澄清加密资产分类

Midnight Network: A Privacy Compliance Choice in the Era of Regulatory Clarity

As regulatory dust settles and compliance becomes the main theme, Midnight Network has constructed a privacy layer that balances data protection and selective disclosure through zero-knowledge proof technology. Its innovative dual-token model—$NIGHT used for governance and staking, and DUST for paying network fees—cleverly separates value storage from resource consumption. Midnight allows users to hide sensitive transaction details while meeting regulatory audit requirements, perfectly aligning with the compliance privacy needs under the SEC's new regulations, providing a trustworthy bridge for the wave of asset digitization, and letting #night become the rational light guarding digital sovereignty. #night $NIGHT @MidnightNetwork