Recently, the U.S. Treasury and SEC held a series of roundtable discussions on cryptocurrency policy, focusing on stablecoins, DeFi, asset tokenization, and regulatory frameworks. The Treasury meeting emphasized reducing the risks of illegal financing and exploring the compliance and cybersecurity measures for stablecoins. The SEC meeting, on the other hand, focused on the integration of on-chain assets with traditional finance. The Chairman stated that regulations would be adjusted to accommodate the development of blockchain technology and to establish clear guidelines for issuance and custody. The market reacted positively, believing that clear regulations would benefit compliant projects, but DeFi may face stricter constraints. These discussions indicate that the cryptocurrency industry will welcome a more regulated development environment, impacting the future market landscape.