The core of this wave of regulation emphasizes RWA-type tokens, highlighting those related to domestic assets. It might be a preventive measure, or perhaps they were misled by claims like "RWA is now becoming bigger and stronger"... specifically, eight ministries came out to crack down on it. However, as far as I know, this type of token can't be said to be completely nonexistent, but it can only be described as not worth mentioning.