[Shan Fu, Dean of Jun Gu Digital Technology Research Institute: Digital Economy Regulation Needs to Balance Short-term Stability and Long-term Development] At the 2025 Shanghai Blockchain International Week's 'Global Landscape of the Digital Economy' roundtable discussion, Shan Fu, Dean of Hainan Jun Gu Digital Technology Research Institute, stated that the regulation of digital assets and the crypto economy must strike a balance between short-term stability and long-term development. Short-term regulation can maintain market order and curb irregularities, while long-term policies should focus on promoting the sustainable development of the digital economy. Shan Fu pointed out that regulatory practices in Singapore and Hong Kong place greater emphasis on attracting compliant institutions and high-quality enterprises to build a sustainable ecosystem. He stressed that regulation should prioritize the prevention of fraud and false statements while supporting projects that promote the development of the real economy and innovative industries. Regarding the recent cooling of the stablecoin and real-world asset (RWA) craze, he believes this is a necessary adjustment for the long-term healthy development of the digital economy and predicts that the digital economy will become a key driver of global economic growth.