#稳定币市场发展 The shift in regulatory attitude is often deeper than we imagine. The news that the Federal Reserve is easing restrictions on crypto activities may seem simple, but it actually reflects the gradual maturation of the financial system's understanding of digital assets.

I noticed a detail: the reason for policy adjustments is "the understanding of innovative products and services by the financial system and regulatory agencies has changed." This tells us that communication between industry practitioners and regulators is indeed playing a role. Products like stablecoins, which were once strictly restricted, now have room for application, indicating that the entire industry is moving toward greater transparency and standardization.

But I want to remind everyone that a friendly policy does not mean the risk disappears. Regulatory relaxation means more participants and potentially increased market activity. At this point, we need to stay alert. Regardless of market sentiment, the importance of position management becomes even more apparent—during a policy-friendly window, it is precisely the time when over-optimism is most likely to occur.

In the long run, this direction is positive. But short-term fluctuations and opportunities require us to respond with a calm mind and reasonable allocation, rather than chasing highs. Steadiness is never about being conservative; it’s about participating in a measured way based on an understanding of risks.