In a recent roundtable discussion on cryptography at the University of Hong Kong, CertiK's Chief Operating Officer, Caoyaxin, shared his views on global digital asset regulation trends. He pointed out that although the United States maintains a leading position in technological innovation, it is clearly lagging behind in regulatory frameworks. Caoyaxin also mentioned frequent security issues in the industry, such as project attacks and fund theft. He believes that government and regulatory agencies setting industry standards will play an important role in transparency and confidence for the entire community. He emphasized that only with confidence will more people enter this industry. Finally, Caoyaxin also raised some practical issues, such as what information should be exchanged when funds flow to an exchange, and when funds should be frozen. He believes that this is not just a technical issue, but more of a regulatory issue, and hopes that the Hong Kong government and other national governments can take the time to study deeply and bring greater confidence to the industry.