#加密货币监管 Seeing this news, I believe that this move by US regulators is highly significant. Allowing leveraged spot cryptocurrency trading to enter the federal regulatory framework fills a long-standing regulatory gap. This could have several important impacts: firstly, trading volume may shift from offshore platforms to domestically regulated platforms, increasing market transparency and investor protection. Secondly, the clearinghouse mechanism helps reduce counterparty risk and enhances market stability. However, specific implementation details such as leverage ratio limits are still to be clarified. I will closely monitor the subsequent policy rollout and its impact on market liquidity and price volatility. This will also add a new dimension to the analysis of on-chain fund flows. Overall, this is an important step toward the gradual maturity of the cryptocurrency market.