Tonight, the Cryptocurrency Working Group of the US Securities and Exchange Commission (SEC) will hold its first-ever roundtable meeting, which is seen as an important milestone in the field of cryptocurrency regulation. The core agenda of the meeting is expected to revolve around the regulatory framework for cryptocurrencies and the approval of more cryptocurrency exchange traded funds (ETFs). Currently, the cryptocurrency market is in a sensitive period with fragile investor sentiment, and any policy move could have a significant impact on the market. The participants of this roundtable include representatives from regulatory agencies, industry experts, financial institution executives, and legal scholars, who will engage in in-depth discussions on how to balance innovation and investor protection. The market generally expects the conference to release positive signals, such as clarifying the compliance path of cryptocurrencies, simplifying the ETF approval process, or proposing more forward-looking regulatory plans. These measures are expected to inject confidence into the market and ease the current tension. However, if the conference sends overly strict regulatory signals, it may further exacerbate market uncertainty. Therefore, investors are closely monitoring the conference results and hope that the SEC can find a balance between supporting industry innovation and maintaining market stability, laying the foundation for the long-term healthy development of the cryptocurrency market.