#比特币对比代币化黄金 Recently, the Federal Reserve has been making some aggressive moves in the crypto space. First, it lifted restrictions on banks engaging in crypto business, brought stablecoins under a unified federal regulatory framework, and even introduced a "streamlined master account" initiative—compliant crypto institutions can now connect directly to the central bank’s payment system. This move slashes settlement costs and time, and now traditional banks are scrambling to launch crypto custody and lending services.

On the other hand, the "Crypto Market Structure Bill" has also clarified the regulatory logic. The SEC and CFTC used to fight over jurisdiction, but now the division of labor is clear: most cryptocurrencies are classified as "digital commodities" and fall under the CFTC's oversight. This is a huge positive for the industry, as ambiguous regulation has been a persistent headache for too long.

Simply put, policymakers are finally starting to take the crypto market seriously. Access to the central bank system means increased liquidity, and regulatory clarity gives institutions the confidence to enter the space. The boundaries between traditional finance and the crypto world are blurring, and we’re likely to see more traditional capital flowing into this sector going forward.