Эпоха разделения регулирования: риски мошенничества vs споры о соответствии, как инвесторам выбрать?

【Block Rhythm】Recently there’s an interesting news development worth paying attention to. According to reports, the US President stated directly in an interview that he would not consider pardoning FTX founder SBF, despite having previously pardoned other individuals including a leading exchange founder.

The logic behind this is quite thought-provoking. SBF was convicted in 2023 of serious crimes including misappropriation of customer funds and systematic financial fraud, cases that directly harm retail wallets and market confidence. In contrast, that exchange founder’s case was more centered on compliance and regulatory conflicts—the nature of the two cases is completely different.

This sends a clear signal: American regulatory and political circles are beginning to clearly distinguish between two types of risk—one being direct fraudulent behavior (harming users, destroying trust), the other being compliance disputes (differences in regulatory interpretation). Tolerance for these two categories is clearly diverging.

What does this mean for investors? You need to be more cautious when choosing platforms. The right path is to find trading venues with transparent risk control systems and clear compliance pathways. In this era of increasingly clear policy signals, fund safety and compliance awareness must be placed first. The market will never reward shortcuts—it only rewards participants who are well-prepared.