Recently, the regulatory trends in the United States are changing quite rapidly, and I feel like they are moving at a dizzying pace. The Senate Agriculture Committee pushing forward the Market Structure Bill ultimately indicates significant pressure from the industry. It seems that the regulatory framework surrounding digital assets is finally starting to become clearer.

However, at the same time, complex developments are emerging. Several senators are reportedly opposing the Department of Justice’s decision to shut down the crypto enforcement division. Since it involves the abolition of a department involved in specific investigations, there may be political motives at play.

On the other hand, advertising regulations are also tightening. The UK watchdog banned ads from a major exchange, apparently because the risk disclosures were insufficient. Globally, the scrutiny on crypto promotions is becoming more stringent.

Additionally, issues are surfacing within projects themselves. The co-founder of Cere Network being sued for pump-and-dump schemes is a significant case. With over $40 million in token sales involved and a $100 million lawsuit, it could impact trust across the entire industry.

On the political front, figures like Trump are nominating individuals with a good understanding of crypto to key positions, such as the Federal Reserve Chair, indicating that the regulatory environment itself is about to change. As regulations, including the Market Structure Bill, are being restructured, how the industry adapts will be interesting to watch. While there is some short-term uncertainty, I believe that in the long run, establishing clear market structure legislation will help mature the market.