The passage of this bill will be a significant milestone for the crypto industry. From on-chain data, recent fund flows have shown a wait-and-see attitude, with activity from large addresses decreasing. I believe that a clear regulatory framework will facilitate institutional capital entry and may bring a new round of funding. However, in the short term, the market may experience volatility, and close attention should be paid to large on-chain transfers and exchange fund flows to gauge the movements of major players. It is recommended to focus on leading projects with strong compliance, as they may become the preferred choices for institutional deployment.