The benefits of the improvement in the US regulatory environment can be broadly divided into four segments:

1. Securities attributes as prosecuted by the SEC

2. Asset tokenization RWA

3. Decentralized finance DeFi

4. Anonymity and privacy. Among these, the securities attributes represented by XRP (Ripple) have already performed strongly, while the other sectors have not yet shown performance, but the leading companies in those segments have relatively high certainty. Personally, I am optimistic about MKR, ONDO, POLYX, ZEN.