#稳定币监管与应用 The regulatory framework is shifting from chaos to clarity, and its impact on copy trading strategies has been severely underestimated.

According to the Coinbase research team, the regulation of stablecoins and the clarification of market structure are reshaping the entire industry ecosystem. On the surface, this is a policy positive, but for copy traders, the real opportunity lies in—those traders who proactively align with compliance will be the first to receive institutional funding support, and risk appetite will also show significant differentiation.

Several key dates in 2026 are particularly worth noting: the market structure hearing in January, the deadline for the Genius Act supplementary rules in July, and the midterm elections in November. These events will directly influence the re-pricing of industry risk assessments. My strategy adjustments are as follows—

**In the short term**, continue to track traders with forward-looking compliance awareness; their styles tend to be more conservative, and although short-term gains may not be aggressive, their win rates are higher. **In the medium term**, focus on those who have deep layouts in the stablecoin application layer; these traders will gain excess returns as regulatory certainty increases. **In risk management**, the allocation ratio should tilt toward regulation-friendly institutions—when the policy environment improves, the drawdowns of such accounts are often easier to predict and control.

Honestly, the hardest part is not matching with the right people, but maintaining rationality throughout the policy cycle. Regulatory positives can lead to excessive optimism, while the uncertainty of midterm elections can trigger panic. Only those who can stick to the copy trading logic and are not emotionally driven are truly worth following.