#加密货币监管政策 Clarifying the regulatory framework is a big win for us retail enthusiasts. The viewpoint from Coinbase's research director hits the key point—by 2026, ETFs, stablecoins, tokenization, and clear regulations will create a cumulative effect. What does this mean? Large institutional funds will start entering the market on a large scale.

Think about it, once regulatory barriers are established, project teams will dare to confidently launch airdrops, and the interaction difficulty will actually decrease, while the reward space becomes larger. The US GENIUS Act and Europe's MiCA framework are paving the way. Once these policy boundaries are clarified, the credit cost for new project interactions will come down.

The current strategy is simple: seize this policy window, focus on new projects with institutional backgrounds and strong compliance awareness. These projects' airdrops are usually more aggressive because they need to quickly build a user base to demonstrate compliance to regulators. While institutions haven't fully entered and retail participation remains high, we should act. Don't wait until large funds come in, or the difficulty of airdrops will increase.