Cryptocurrencies were supposed to be decentralized, free, and overthrow the system. Now everyone is waiting for the system to regulate them

The situation surrounding the CLARITY Act presents quite an interesting paradox. It didn't take many years for cryptocurrencies, once seen as decentralized and free currency, to become something entirely opposite, with investors even begging for their regulation.

The year 2009 is considered the beginning of the cryptocurrency era, when the most well-known cryptocurrency, Bitcoin, was created. What made crypto assets gain such immense popularity was their decentralization and freedom from any state control. There were often voices claiming that it was Bitcoin and other cryptocurrencies that would overthrow the old financial system and restore freedom to individuals. And perhaps in the early years, it was indeed believable, but as time went on, it became increasingly clear that this was merely a naive belief held by various anti-system activists. And as is often the case with them, it ends up being completely the opposite.

Investors are waiting for the CLARITY Act. But cryptocurrencies were supposed to be free from regulation!

It is now 2026, and 17 years have passed since the creation of Bitcoin. What is the cryptocurrency community around the world focused on today? The Clarity Act. And what is the Clarity Act? A law regulating the cryptocurrency market in the United States. Yet cryptocurrencies were supposed to be free from all regulations and the hand of "Captain State." Well, look at that, suddenly everyone is eagerly waiting for the creators of this bad system to come to an agreement and regulate the "regulation-free" currency. Makes sense, right?

The solution to this paradox is incredibly simple. The people who chose cryptocurrencies for the aforementioned reasons have simply become a drop in the ocean of all investors. Today, almost anyone can invest in crypto, so the mechanism here is very straightforward. Idealists have been overshadowed by those for whom profit is the only thing that matters. Let's be honest, if someone has invested their savings in cryptocurrencies, they certainly won't oppose regulations whose adoption could lead to another price surge, and thus profits for them.

It's a bit like doing business with Russia -- after all, everyone knew for years that Russia was bad, but as long as Russian money was flowing into accounts, they turned a blind eye. Business as usual, as they say in the West. And while this may be a somewhat exaggerated comparison, it perfectly illustrates how the world has operated for years and that money obscures our ideals. Whether this is good or bad, let everyone judge for themselves.

The world will never change. Cryptocurrencies are also used for dirty tricks.

Of course, we are not suggesting that all investors are only focused on profit and that regulations are indifferent to them. There are also those who see the need for legal regulation of this market and understand that it is not entirely a clean game. Money laundering, evading sanctions, ordering murders, one could list examples of the bad use of crypto. And although it was initially said that there would be no regulations, the world quickly proved that nothing has changed here for centuries, and every seemingly good thing can be used for something bad.

When the first two cars were created, no one thought about creating traffic regulations. Then those two cars collided, and someone thought -- "Gee, maybe we should prevent this in the future?" And the same goes for crypto. As long as all sorts of criminal groups and fraudsters didn't get involved, regulations weren't necessary. Now everyone sees that besides their advantages, crypto also has disadvantages, which are backed by bad people. And in the end, we live in a society, and these safeguards need to be put in place to minimize the harm to people.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.