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Additional regulation on BTC

The US is considering tightening regulation of crypto and digital assets. As in the case of the stock market (for example, the tightening of regulation of fintech and educational companies in China), I believe that in the short term this will have a more negative response.
My opinion on BTC is to lower the cost by the end of the year. But I will consider this as an opportunity to enter long on the horizon 3+ years

Here are some news:
The US Congress may pass legislation to regulate DeFi, proof of stake and stablecoins. The decision will be made shortly.

The Digital Asset Market Structure and Investor Protection Act 2021 will foster innovation and job creation in the US by providing legal and regulatory certainty for digital assets, providing fundamental investor protection for US retail investors and other consumers, improving trade reporting and transparency. enhancing the Bank Secrecy Act to address digital asset management requirements and protecting US investors in the digital asset sector.

In particular, the bill is intended to:

* Create legal definitions for digital assets and digital securities. Give the Securities and Exchange Commission (SEC) authority over securities of digital assets and the Commodity Futures Trading Commission (CFTC) authority over digital assets;
* Provide legal certainty regarding regulatory status for 90% of the largest digital asset markets (by market cap and trading volume) through joint SEC / CFTC rulemaking.
* Require digital asset transactions that are not recorded in a publicly distributed ledger to be reported to a registered digital asset trading repository within 24 hours to minimize the possibility of fraud and promote transparency;
* Put digital assets and digital asset securities into the formal definition of "money market instruments" under the Banking Secrecy Act (BSA), formalizing digital asset and digital securities regulatory requirements in line with anti-money laundering, record keeping and reporting;
* Grant explicit authority to the Federal Reserve to issue a digital version of the US dollar, clarify that digital assets, digital asset securities, and fiat stablecoins are not US legal tender, and grant the US Treasury Secretary the authority to authorize or prohibit the US dollar and other fiat stablecoins ;
* Instruct the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Securities Investor Protection Corporation (SIPC) to issue advice to consumers about “not covering” digital assets or digital securities so that consumers know they are not insured or protected in the same way as bank deposits or securities; and,
* Require legislative advice from FinCEN, SEC and CFTC to clarify the boundaries between who must register as a money service business and who must register as a digital securities or commodity exchange.


The text of the Law on Digital Assets Market Structure and Investor Protection is available here.
beyer.house.gov/uploadedfiles/beyer_028_xml.pdf


And here is my longterm view: 快照
BTCUSDFundamental AnalysisregulatoryriskTrend Analysis

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