A recent wave of interesting chain reactions has emerged in the crypto market. Former executives of FTX have started to accuse the U.S. Department of Justice of political bias and publicly seek amnesty. This move has caused quite a ripple in the market and has led investors to reassess regulatory changes.

Even more interesting is that news of the SEC commissioner, who is anti-crypto and is about to leave office, has been seen by many as a signal of a more relaxed regulatory attitude. Although this is just a rumor, it is enough to change the market's risk appetite.

You can see the recent market trend—risk assets are all becoming active. Meme coins like PEPE and BONK have surged repeatedly, even driving previously dormant high-risk assets like FTT to rally. The market seems to be betting on a more friendly regulatory environment, and once this expectation forms, funds start flowing rapidly into high-risk, high-reward assets.

Of course, this rebound is based on improved regulatory expectations, but the actual policy implementation still needs time for validation. Investors participating should remain cautious of risks—after all, Meme coins and high-risk assets are quite volatile.