@tranquilfrost

Therefore, it is foreseeable that the institutionalization of crypto assets will deepen, and over the next three years, three coexisting models will emerge across major economies worldwide: One is the "market openness + prudent regulation" model, led by the United States, centered around ETFs, stablecoins, and DAO governance; another is the "restricted access + policy guidance" model, exemplified by countries like China, Japan, and South Korea, which emphasizes central bank control and licensing

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