#美SEC促进加密资产创新监管框架 Industry Watch: CZ recently publicly advised national decision-makers to pay attention to the Bitcoin allocation window, arguing that hesitating now may result in facing an unattainable price threshold in the future.

Here's an interesting market data point—if BTC breaks the $100,000 mark, shorts could face nearly $1 billion in liquidation pressure. Meanwhile, a major bear who has long held a bearish stance is now taking a high-leverage counter-position, with unrealized profits already exceeding $20 million. However, his liquidation price is set just above $100,000, maximizing both risk and reward.

On the policy front, Hassett is quite optimistic about the US economy, believing a 4% growth rate is warranted this year and predicting that the time is right for the Fed to cut rates. But things are less calm across the Atlantic—Musk has been fined €120 million by the EU over the X platform and is firing back aggressively on social media. The US side has also criticized the EU for selective enforcement, and Trump has even mentioned the tariff card.

The SEC is about to hold a cryptocurrency and privacy technology roundtable, with industry figures like the Zcash founder participating. The core conflict in this discussion is clear: how to balance privacy protection and anti-money laundering regulation? The outcome could directly impact the future regulatory framework for privacy coins.

Institutional moves are also worth watching. CoinUnited Holdings is investing HK$1.7 million to jointly establish a stablecoin R&D center with Hong Kong Polytechnic University, targeting compliant stablecoins and RWA tokenization. France's BPCE Bank is preparing to launch crypto trading features directly on its mobile platform. Traditional finance is approaching this space in its own way.