JUL 9, 2023
Former Huobi University Principal: Comparing Cryptocurrency Regulation and Future Directions in Singapore and Hong Kong
by Colin Wu, WuBlockchain
1、About the SEC lawsuits against Coinbase and Binance, is this the final bad news?
These two lawsuits don't constitute a bearish scenario in the industry fundamentals. Restrictive policies only temporarily affect market sentiment, and regulatory measures arise from chaos, there's no such thing as a last time. The market moves forward after consolidating its base post a correction.
Regarding digital asset regulation, the US has always been a global benchmark. Following Hong Kong's adoption of Web3 policy, it appears to have influenced the pace of regulation within the US. As the US election year approaches, it's difficult to see a short-term resolution of divergent regulatory bodies;
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