Background: Regulatory Clarity Signals a Turning Point in Crypto FinanceIn 2025, the crypto industry enters a critical phase of reevaluation and restructuring. On one hand, Proof-of-Stake (PoS) blockchains like Ethereum are maturing into foundational infrastructure for global finance, accelerating the trend of on-chain asset issuance and automated trading. On the other hand, regulatory clarity is emerging—especially in the realm of protocol staking. On May 29, the U.S. Securities and Exchange...

Background: Regulatory Clarity Signals a Turning Point in Crypto FinanceIn 2025, the crypto industry enters a critical phase of reevaluation and restructuring. On one hand, Proof-of-Stake (PoS) blockchains like Ethereum are maturing into foundational infrastructure for global finance, accelerating the trend of on-chain asset issuance and automated trading. On the other hand, regulatory clarity is emerging—especially in the realm of protocol staking. On May 29, the U.S. Securities and Exchange...