This roundtable marks a new phase in the clarification of U.S. cryptocurrency regulation and predictable compliance. 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 layout of ETFs and staking products) and promote the construction of tokenized financial infrastructure. In the long term, the clarity of the regulatory framework will facilitate global cooperation in cryptocurrency governance (such as mutual recognition of MiCA and SEC rules), but issues like the stalemate in stablecoin legislation and unclear compliance paths for DeFi still need to be further addressed.