The 2008 financial crisis, as depicted in the movie "The Big Short," involved infinite leverage stacking, ultimately leading to a collapse. Many scenes in the movie are very similar to us in 2024, but now the issue of "overheating" in crypto assets has temporarily disappeared, and the problem has shifted to the US stock market 😂. The most classic scene in "The Big Short" is that no matter who you are or what land and houses you have, as long as you get a loan, the bank will lend to you. You can sell at a higher price directly to the next person wanting to make money. That’s no longer just selling houses; everyone is crazy, just like the overheating period at the end of 2024, where buying any asset meant making a profit. We experienced a deep shakeout from 2024 to April 2025, and another deep shakeout from January to March 2026. I actually think we’re okay. But if banks enter the crypto asset space and further leverage, will they open Pandora’s box? No one really knows.

Senator Warren: The "CLARITY Act" significantly relaxes crypto asset restrictions, increasing the risk of a financial crisis
On May 14, Democratic Senator Elizabeth Warren stated during the Senate Banking Committee review of the "CLARITY Act" that laws should ensure safety and stability by limiting the types of assets banks can hold and the activities they can engage in. Traditionally, many assets and activities are prohibited for banks, but this bill greatly relaxes restrictions on crypto assets. For example, the bill allows banks to trade with decentralized finance platforms that face bank runs or collapses almost weekly, and also permits banks to hold crypto assets as positions. More critically, the bill allows bank holding companies to buy and sell digital assets for any investment or trading purpose, including risky proprietary trading and hedge fund activities—precisely the kind of activities that led to the 2008 financial crisis. If the next crypto crash triggers a bank collapse, innocent businesses and families who have never heard of blockchain will also suffer losses. Therefore, Warren proposed an amendment to remove these dangerous provisions from the bill.
The "Cryptocurrency Market Structure Act" (the CLARITY Act) is currently being debated and voted on item by item. #Gate广场五月交易分享