Wall Street's trading structure is starting to be rebuilt by blockchain. Blue Fox Brothers really nailed it with this one! Although the crypto bill didn’t pass, the SEC has essentially given the green light for the first time, opening a compliant pathway for 'real U.S. stock equity + public chain + AMM.' Previously, on-chain stocks mostly focused on bringing prices on-chain; now, it's about bringing the assets themselves on-chain, along with trading and settlement. Wall Street's trading structure is starting to be rebuilt by blockchain. Asset issuance, compliant AMM, stablecoin settlement, public chain infrastructure. The next phase of RWA might not just be storytelling anymore—it could start competing for trading structures and cash flow. For ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984, the positive impact lies in Permissioned Pool potentially becoming a key component for traditional assets entering on-chain trading. For ethereum:native, the impact runs even deeper: if, in the future, U.S. stocks, stablecoins, and money market funds are heavily deployed on Ethereum and L2, ETH won’t just handle Gas—it will serve as the foundation for settlement, DA, collateral, and liquidity infrastructure. The more assets, the more transactions, the more prosperous L2 becomes, the greater the demand for Ethereum’s settlement layer.