#加密立法新纪元 #A new era of cryptocurrency legislation, global regulation enters an accelerated phase. The U.S. Digital Asset Market Structure Act and the EU MiCA regulation have been successively implemented, and many Asian countries are also advancing clear compliance frameworks. New regulations no longer merely suppress but instead balance innovation and user protection. The entry barriers for institutions have lowered, and market confidence is rebounding. The cryptocurrency industry is moving from the 'gray area' to the mainstream financial system, laying a compliance foundation for the development of Web3, DeFi, and other fields.