On April 11, 2023, the U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable on cryptocurrency regulation. The theme is 'Between Blocks and Challenges: Tailored Regulation for Crypto Trading,' reflecting the SEC's heightened attention towards crypto assets and its determination to stabilize the market. Currently, the crypto market is fraught with uncertainty, and regulatory challenges are piling up. Major industry players such as Coinbase, the New York Stock Exchange, and Uniswap Labs are all participating in this meeting. Everyone is gathering to discuss the regulatory framework for crypto assets and their future direction. This not only provides industry participants with an opportunity to engage directly with regulators but also has the potential to lay a solid foundation for future policy-making. There are two key aspects to focus on during this meeting. On one hand, participants may gain a deeper understanding of SEC regulatory policies, which could enhance market confidence; on the other hand, the results of the discussions may lead to new regulatory measures, reshaping the operational models of crypto exchanges and related businesses. If the SEC can strike a balance between protecting investors and promoting innovation, it may attract more traditional investors to enter the crypto market, pushing the market towards maturity. In my view, this meeting is a critical turning point for the crypto market. Regardless of the outcomes, in the long run, as the regulatory framework gradually improves, the crypto market will encounter new opportunities. Given the current environment and market trends, this meeting will likely be positive, and the crypto community can hope to emerge from the shadow of decline and begin a new trend.