Wall Street institutions and major players in the crypto industry recently held a closed-door meeting, making substantial progress on the drafting of cryptocurrency regulation bills. The meeting brought together decision-makers from traditional financial giants and blockchain companies, and both sides reached a consensus on key provisions of the regulatory framework. This move signifies that the compliance pathway for the US crypto market is accelerating, and market participants generally believe this will bring clearer policy expectations for the entire industry. As regulatory policies become more defined, institutional investors' willingness to allocate to crypto assets is also increasing.