#加密立法新纪元 With the global acceptance of cryptocurrency increasing, countries are gradually moving towards institutional regulation, ushering in a new era of cryptocurrency legislation. The introduction of the "Cryptocurrency Transparency and Accountability Act" in the United States, the implementation of the EU MiCA legislation, and the proactive development of compliance frameworks in places like Hong Kong and Singapore signify that the cryptocurrency industry is gradually transitioning from a "gray area" to the mainstream financial system. This change will enhance investor confidence, attract more institutional participation, and impose higher compliance requirements on project teams. In the future, compliance will become a fundamental threshold for the survival and development of projects; those who can adapt to the new regulations first will seize the initiative in the new cycle.