$ETH Compliance will definitely be the main narrative of the current or future bull market. Regardless of whether it is Hong Kong compliance, Singapore compliance, or U.S. compliance, compliant projects will become the only bridge connecting traditional finance and blockchain. Asset circulation on the chain can only be realized through compliance chains, and the recent buzz around stablecoins, or the Bitcoin and Ethereum ETFs in recent years, all prove that sovereign countries or regions are ready to enter the market on a large scale. At this point, compliance and regulation become a necessary choice. We can no longer rely on the old wild paths; the main forces behind altcoins will definitely not be able to casually exploit investors anymore or let funds go to zero in such an unsightly manner. Instead, there will be transparency on the chain that is visible and verifiable, but necessary privacy protection must still exist. This way, traditional assets and money can come in with confidence. Therefore, in the future, whoever masters compliance, who is close to compliance, will be able to grow and strengthen. However, achieving compliance is not so easy; many projects in the crypto space are just putting up a front. Compliance requires a lot of money and time; those who wanted to position themselves should have started during the last bull market, applying for compliance licenses locally, or writing code for the chain, all relying on compliance. You may not know how much compliance costs; generally, small projects simply cannot afford it. Applying for licenses locally requires people to be stationed there for a long time, which can take several years. Essentially, it's going to cost millions of dollars. Small projects can't afford that; if they fail to pass, that money is wasted. Therefore, the projects in the crypto space that can afford compliance now are typically those with more financial resources. Moreover, you must have a big vision; the project parties cannot be involved in manipulation, bottom-fishing, pumping, or