1. Recognition of digital commodity status: ETH has passed five decentralization tests (open-source, permissionless, trustless neutrality, distributed, autonomous, economically independent, etc.). Unlike most other L1 blockchains, it has officially been recognized as a digital commodity, eliminating previous concerns about its uncertainty as a 'security.' 2. ETH is currently the only asset that combines mature decentralization with an active smart contract ecosystem (DeFi, asset tokenization, stablecoins, etc.). It has become a regulatory 'exclusive category,' making ETH the compliant first-choice foundation for scenarios like tokenized treasuries, on-chain settlements, and real-world asset tokenization. 3. With its digital commodity status clarified, the path for staking ETFs (yield-bearing) is now open. Institutions can more easily launch products offering 5-7% staking yields, outperforming pure holding ETFs and attracting traditional capital inflows. 4. DeFi and developer protection: The legislation provides a safe harbor for open-source developers and DeFi, reducing legal risks, which benefits the growth of Ethereum's developer community and ecosystem expansion. 5. Changes in valuation frameworks: ETH has the opportunity to achieve 'monetary/commodity premium' Tier 1 status (no fundamental valuation cap), while most competing chains are pushed into 'cash flow/equity' Tier 2 status (with income multiplier caps). This shift in valuation also strengthens ETH's network effects and monetary premium.