Elon Musk's ambitions for transforming X are evident. From the grand vision of launching an all-in-one app after the acquisition, to the recent rollout of encrypted messaging and payment services, and now the upcoming cryptocurrency price tracking feature, X is gradually building the infrastructure for users to directly trade digital assets. It has already obtained money transfer licenses in 25 states in the United States. On the surface, the compliance puzzle seems to be coming together piece by piece.

Imagine a scenario where 700 million users, while scrolling through their feeds, can conveniently buy and sell cryptocurrencies—what kind of tsunami-level opportunity would this be for the entire digital asset market? Widespread adoption is no longer a distant dream; the market landscape could be fundamentally reshaped.

But there is a fatal paradox here. The core of social platforms is openness, convenience, and low barriers to entry—users can register with just an email, and posting does not require real-name verification. It is this wild nature that has attracted hundreds of millions of active users. In contrast, the compliant world of the crypto industry is quite the opposite—KYC real-name verification is not optional but an unavoidable mandatory requirement. A platform that tries to meet both needs faces an almost irreconcilable logical contradiction. How can it maintain openness while embedding the strict compliance rules for crypto trading? This is the real challenge.