2025 will truly be different.

In the past, countries' attitudes towards crypto assets generally fell into two categories—either strict prohibition or passive observation. This year, the trend has shifted. Major economies like the US and Europe are no longer entangled in the question of "whether" to regulate, but are instead seriously considering "how" to regulate. This shift may seem subtle, but it is actually profound—from banning and restricting to framework integration, indicating that crypto assets are moving from the fringes of finance into the mainstream system.

The legislative movements in the US are especially critical. Once the US establishes a regulatory framework for crypto assets, other economies around the world tend to follow or reference it. This is not a secret but a reflection of the real international political and economic logic. Therefore, the policy choices made by the US in 2025 will directly determine the direction of the global crypto ecosystem in the coming years.

Regulation and innovation do not have to be mutually exclusive. The purpose of framework integration is ultimately to allow compliant innovation to grow while closing risk gaps. For projects and exchanges committed to the legitimate route, this is actually an opportunity—although compliance costs may increase, the competitive environment becomes more transparent and fair.

2025 is destined to be written into crypto history. This year will define not only regulatory policies but also the future imagination space of the entire industry.