The current cryptocurrency market is undergoing a transition from a "gray area" to a "gradually compliant" state.
More and more countries are beginning to clarify regulatory paths: the United States is defining project attributes, Ethereum ETFs have been approved, and places like Hong Kong and Singapore are also competing to build compliant crypto centers. Regulation is no longer a stumbling block, but rather establishes the rules of the game for the market.
Smart capital is starting to choose compliant projects and compliant tracks—shifting from fantasies of getting rich quickly to long-term planning. For ordinary people, whether they can make money hinges on their ability to understand the rhythm of this round of "policy dividends."
In the future, it is more likely not about who runs the fastest, but rather who can survive the longest within the rules.
