Yesterday’s biggest long-term bullish news for crypto has to be this: SEC Chair Paul stated that “financial markets are migrating on-chain,” marking a historic turning point in US regulators’ attitude towards the crypto industry. First thought: Bullish for RWA. Tokenizing traditional financial assets like stocks, bonds, treasuries, and even real estate is no longer a “grey area experiment” — it’s an SEC-endorsed future direction. Key plays: $Ondo, $Link, and other asset tokenization protocols and oracles. Second thought: TradFi money is coming on-chain. Before, when giants like BlackRock launched tokenized funds like BUIDL, it was all “crossing the river by feeling the stones.” Now, with the SEC Chair’s statement, not just BlackRock, but even more conservative banks like JPMorgan and Goldman Sachs will accelerate asset deployment on both private and public chains. If TradFi truly goes on-chain, which public chain is best positioned to capture this? The OG giants or high-performance new chains? Key plays: $ETH, $SOL, $SUI, $SEI, $Mon? Not sure if BNB Chain can outcompete the Western-backed chains. Third thought: Bullish for compliance-focused projects. Paul Atkins is basically signaling a regulatory green light for crypto — as long as it’s compliant. So compliant CEXs, compliant stablecoins, compliant public chains, even compliant DeFi will all benefit. These are the “on-chain financial rails” the SEC is willing to accept. But for pure anon and fully permissionless DeFi, the short-term narrative will be weaker, and long-term they might be forced to “fork” into compliant and wildcat ecosystems. Key plays: $BNB, $Aave, $USDC, etc. ~~~~~~~~~~~~ Overall, this is a structural win for the whole industry, a massive bullish catalyst for “infrastructure + compliant assets,” and a sign that pure casino narratives will get increasingly sidelined. Crypto might see a sharper split in the future: those playing with mainstream compliant coins vs. those deep into memes and anon-team coins — even the research focus will diverge. But compared to the previous “guess what the rules are” era under the last bald guy, Paul Atkins’ era of regulatory clarity is a huge step forward.

Good news for me