#加密货币监管政策 The latest remarks from the SEC chairman indicate a significant shift in the U.S. regulatory stance. From a data analysis perspective, this could stimulate a notable increase in on-chain financing activities. It is expected that in the coming months, the TVL and volume of related DeFi protocols will see a clear rise. It is recommended to closely monitor the on-chain indicator changes of leading DeFi platforms, particularly the number of new addresses and transaction frequency. At the same time, be wary of potential setbacks that may arise during the implementation of regulatory policies. Overall, this presents an important opportunity for the development of the encryption industry, but a cautiously optimistic attitude should be maintained, continuously tracking policy developments and market reactions.