2025 is really different.

Previously, countries' attitudes toward crypto assets fell into two categories — either strict prevention or passive observation. This year, the wind has changed. Major economies like the US and Europe are no longer entangled in the question of "should we or shouldn't we," but instead beginning to seriously consider "how to regulate." This shift appears subtle but is actually profound — from prohibition and restriction to framework integration, meaning crypto assets have moved from the financial fringe to the mainstream system.

US legislative developments are particularly critical. Once the US establishes a regulatory framework for crypto assets, other global economies typically follow or reference it. This isn't a secret, but rather the reality of international political and economic logic. So the US policy choices in 2025 directly determine the direction of the global crypto ecosystem in the years to come.

Regulation and innovation don't have to be a trade-off. The purpose of framework integration, ultimately, is to create space for compliant innovation to grow while closing regulatory loopholes. For projects and exchanges committed to the legitimate path, this is actually an opportunity — while compliance costs increase, the competitive environment also becomes more transparent and fair.

2025 is destined to be written into crypto history. What is defined this year is not only regulatory policy, but the entire industry's future imagination space.