Two major regulatory events this week:

Wednesday → Trump + crypto execs + SEC/CFTC chairs in the same room. This is the first direct policy discussion at this level since the administration change.

Thursday → CFTC's Innovation Advisory Committee convenes specifically on crypto regulation framework. This committee actually shapes enforcement priorities and compliance standards.

Both meetings signal potential shift from enforcement-first to framework-first approach. Watch for hints on stablecoin legislation, custody rules, and whether DeFi protocols get clearer legal definitions. The regulatory fog might finally start lifting.