币界网报道:DeFi's new wealth frontier has just begun. The SEC's new policy has brought major changes to DeFi. From "innovation exemption" to "on-chain finance", the DeFi industry has ushered in institutional reconstruction and market revaluation. The evolution of regulatory paths, market response and future prospects show the development trends and challenges of DeFi. With the implementation of the SEC's new policy, the DeFi market has ushered in asset price revaluation and market reflux. Looking forward to the future, DeFi will usher in a new cycle and institutional reconstruction.