This roundtable meeting marks a new phase in the United States' cryptocurrency regulation, transitioning towards clearer rules and predictable compliance. In the short term, the SEC's policy shift may attract more institutional funds into the crypto market (as giants like BlackRock accelerate their positioning in 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 coordination in crypto 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.

Industry participants should pay close attention to the following developments:

1. SEC Rulemaking Timeline: Within the next 3-6 months, the SEC may release guidelines for the issuance of security tokens, custody safety standards, and registration rules for DeFi platforms.

2. Federalization Process of Stablecoin Regulation: If the GENIUS Act resumes negotiations, its reserve requirements and information disclosure standards will directly impact the operational models of leading stablecoins like USDT and USDC.

3. Token Attribute Re-evaluation Results: The SEC's classification of mainstream public chain assets (such as whether XRP and SOL are excluded from being classified as securities) will determine their market liquidity and compliance costs.

In summary, this roundtable meeting provides a key pathway for the crypto industry to transition from 'wild growth' to regulated development, but the release of regulatory dividends still relies on legislative progress and deep integration of technological compliance.