In today's wave of global digital financial revolution, the United States is at the forefront, leading this transformation. As an industry expert, I have the privilege of participating in an important discussion about the leadership position of the United States in the encryption asset market.

In this era, we are witnessing a pivotal moment, as the United States has the opportunity to showcase its leadership in the encryption asset sector. This inevitably makes me reflect on significant turning points in the history of capital markets, which bear an astonishing resemblance to the node we currently find ourselves in.

Looking back at history, innovation has always been the core driving force behind the development of the capital market. In 1792, under an ordinary sycamore tree, a group of visionary stockbrokers gathered together and signed an agreement that later became the cornerstone of the New York Stock Exchange. This move not only changed the financial landscape of the time but also laid the foundation for the development of the capital market for the following centuries.

Today, we are facing a similar transformative moment. The emergence of blockchain technology, much like the phoenix tree of the past, provides us with a completely new platform that allows us to redefine the way we conduct financial transactions and manage assets. We are witnessing the dawn of a new era, one that will be dominated by digital assets and decentralized financial systems.

At this critical moment, the United States has the opportunity to once again demonstrate its leadership in the field of financial innovation. We need to develop forward-looking policies and establish a sound regulatory framework to support the healthy development of the encryption asset market while protecting investors' interests. This is not only about the future of the U.S. economy but also about the direction of the evolution of the global financial system.

We must recognize that encryption assets are not just a new investment tool; they represent a completely new way of thinking about finance. They have the potential to improve the efficiency of the financial system, increase transparency, and provide financial services to more people. However, to realize this potential, we need to find a balance between innovation and regulation.

As regulators, it is our responsibility to create a fair, transparent, and secure environment for this emerging market. We need to establish clear rules that encourage responsible innovation while effectively managing risks. This requires us to work closely with the industry and gain a deep understanding of the technology and its potential impact.

Looking to the future, I believe the United States has the ability to lead this digital financial revolution. We possess world-class technological innovation capabilities, mature financial markets, and a flexible regulatory system. By effectively leveraging these advantages, we can not only strengthen America's leadership position in the global financial arena but also create a more inclusive and efficient financial future for the entire world.

Let us work together to embrace this new era full of opportunities. Through wisdom and foresight, we can ensure that the United States continues to play a leading role in the future of digital finance, contributing to the advancement of the global financial system. This is not only a challenge but also a historic opportunity to shape the future of finance.