#加密货币监管 Seeing the recent release of the crypto asset trading regulatory consultation by the US SEC, my first reaction is: this is a positive signal, but it also reminds us to think more cautiously about our asset allocation.

The gradual improvement of the regulatory framework essentially aims to protect investors. The willingness of SEC staff to cooperate with market participants to promote compliant trading indicates a shift in regulatory approach from "one-size-fits-all" to "scientific regulation." This indeed reduces risks for participants trading on regulated platforms.

But there's an easily overlooked point: regulatory upgrades ≠ market safety. I have interacted with many investors who feel reassured and increase their positions just upon seeing regulatory news, which actually confuses two concepts. No matter how perfect the regulatory framework is, it cannot change the inherent volatility and risk characteristics of crypto assets.

I want to emphasize three points:
1. Even when trading on regulated platforms, strict position control is necessary. This is not conservatism, but respect for risk.
2. Do not take regulatory favorable news as an investment signal. A good regulatory environment is just infrastructure, not a guarantee of returns.
3. A long-term mindset is most important. Improving the regulatory framework may take years or even longer, so during this process, maintaining sufficient liquidity and reasonable risk tolerance is especially necessary.

The primary person responsible for asset security is always oneself.