The recent roundtable meeting marks a new phase in the clarification of rules and predictable compliance for U.S. cryptocurrency regulation. In the short term, the SEC's policy shift may attract more institutional funds into the crypto market (such as major players like BlackRock accelerating their deployment 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 crypto governance collaboration (such as mutual recognition between MiCA and SEC rules), but issues such as the legislative deadlock on stablecoins and unclear compliance paths for DeFi still need to be further addressed.