[Backpack CEO: The Next Phase of the Crypto Industry Will Usher in the Era of Native Crypto Securities Brokerage] According to a report by Jinse Finance, on June 1, Backpack CEO Armani Ferrante stated, 'The U.S. CFTC is fully regulating compliant perpetual contracts, the U.S. SEC is driving the tokenization of securities assets, and with the largest IPO in history—Space Exploration Technologies Corp. (SpaceX)—about to go public, the crypto industry is entering a new era of development. Previously, the crypto space has always operated as an independent parallel financial system: assets, markets, users, and products were fragmented. The industry has come a long way, experiencing the ICO boom, the DeFi summer, the rise of public chains and Ethereum competitors, the proliferation of Layer 2 networks, the NFT explosion, the meme coin frenzy, the decentralized perpetual contract trading craze, and the emergence of distributed autonomous trading systems (DAT). What once sounded like a pipe dream is now becoming reality, as the traditional financial system gradually integrates with the emerging crypto ecosystem. The global market landscape is poised for a new wave of transformation, fundamentally reshaping the global securities industry ecosystem. This is not a competition between a specific blockchain or token; it is the crypto industry officially stepping into the modern financial system, leveraging top-tier global capital to achieve exponential growth. The convergence of traditional finance and the emerging crypto ecosystem has finally arrived. So, where will the next phase lead? The era of native crypto securities brokerage is already here.'