#美国证券交易委员会推进数字资产监管框架创新 $ETH $BNB $BTC, these three assets have been highly discussed recently in the community. What is the core driver behind this? It is largely related to the regulatory developments in the United States.

The U.S. Securities and Exchange Commission has recently been promoting an innovative regulatory framework for the crypto industry — this is not simply "loosening" regulations, but rather a more pragmatic policy orientation. From a previously one-size-fits-all approach to now exploring differentiated regulatory paths, this marks a qualitative shift in the overall market mentality.

What’s truly interesting is that this regulatory tilt directly influences the performance logic of mainstream cryptocurrencies. Institutional investors are observing policy signals, and retail investors are following suit. As a result, trading activity is concentrated on these few large-cap assets.

In simple terms, when the rules change, the way the game is played must be re-understood.