Changes in regulatory expectations are a key driver of privacy coin segmentation

Another underlying factor behind the divergence in privacy coin markets comes from shifts in regulatory expectations. The market is gradually realizing that future regulation is unlikely to be one-size-fits-all, but rather will differentiate between “completely anonymous, untraceable” and “controllable privacy with compliant interfaces” models.

Therefore, some privacy coins emphasizing extreme anonymity, despite their pure technology, are under significant pressure under regulatory expectations; while projects focusing on selective disclosure, privacy computing, or compliance modules are attracting attention from certain institutional funds.

This is not a technological regression, but rather the market pricing for “survivability.” Capital is more willing to bet on privacy solutions that can exist long-term within real-world rules, rather than those driven by short-term hype. #隐私币行情分化
From this perspective, segmentation is not a bad thing but a necessary stage in the maturity of the privacy track. In an era of uncertain regulatory expectations, the ability to survive itself becomes a moat.