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The key takeaway is: Russia is opening a regulated crypto door, but only a very narrow one. 🇷🇺 What stands out BTC, ETH and USDT would be the initial assets available to ordinary investors under the proposed framework. A 300,000-ruble annual purchase limit per institution and a risk assessment would constrain retail participation. Professional investors would have considerably broader access, subject to compliance requirements. The proposed requirements around market capitalization, trading volume and five years of price history naturally favor established assets. Most smaller altcoins would therefore remain outside the initial regulated retail market. 🧠 The USDT inclusion is especially interesting Putting USDT alongside BTC and ETH suggests that regulators are looking heavily at liquidity and established market infrastructure, rather than simply classifying assets by whether they're “crypto” or “traditional.” That could be meaningful for BTC and ETH because regulated channels can potentially bring additional capital into the market. But this isn't a blanket crypto opening. Russia is essentially saying: “Crypto access is possible—but prove that the asset is large, liquid and established first.” So for the broader altcoin market, this is actually a fairly restrictive development. The compliant retail door may be opening, but most altcoins are still standing outside it.