The recent roundtable meeting marks a new phase in the clarification of rules and predictable compliance in U.S. cryptocurrency regulation. In the short term, the SEC's policy shift may attract more institutional funds into the cryptocurrency market (as giants like BlackRock accelerate their布局 of ETFs and staking products), and promote the construction of tokenized financial infrastructure. In the long term, the clarification of the regulatory framework will facilitate global cooperation in cryptocurrency governance (such as the mutual recognition of MiCA and SEC rules), but issues like the stalemate in stablecoin legislation and the unclear compliance path for DeFi still need to be addressed.