The United States has made significant breakthroughs in digital asset legislation, bringing new opportunities to the industry.

The U.S. digital asset industry welcomes major legislative breakthroughs

Last week, significant progress was made in the United States regarding digital asset policy. On July 19, the "GENIUS Act" was officially signed into law, establishing a unified standard for stablecoins. This news propelled the total market capitalization of cryptocurrencies to exceed $4 trillion, with the issuance of stablecoins reaching a new high of $261 billion. The act clarifies the issuance qualifications and reserve requirements for stablecoins, which is expected to encourage more financial institutions to enter this field.

Meanwhile, the CLARITY Act has been passed by the House of Representatives and is currently submitted for review by the Senate. The Act clarifies the regulatory division of responsibilities between the SEC and CFTC regarding digital assets, providing clear guidance for industry development. The Act gives explicit definitions for key concepts such as "digital asset", "digital commodity", and "mature blockchain system", and allows digital assets to shift from SEC regulation to CFTC regulation once they achieve sufficient decentralization.

Washington "Crypto Week" three heavy blows, is American crypto hegemony stable?

In addition, the "Anti-CBDC Act" has been included in the "National Defense Authorization Act", prohibiting the Federal Reserve from issuing a centralized digital dollar without congressional approval. This provision aims to protect citizens' financial privacy and direct innovative activities towards public decentralized blockchain.

This series of legislative developments sends a clear signal: the U.S. government tends to support stablecoins based on decentralized ledgers rather than state-led centralized digital currencies. This provides a clear direction for industry development and is expected to help the U.S. solidify its position as a global cryptocurrency hub.

As the regulatory environment becomes increasingly clear, the industry is迎来 a strong recovery centered around the United States. Many projects are refocusing on the US market and adjusting their business models to meet new regulatory requirements. Whether industry leaders or new entrants, all are actively developing institutional-grade solutions to lay the foundation for the long-term development of the industry. After years of evolution, the US digital asset industry is迎来 unprecedented development opportunities.

Washington "Crypto Week" Three Heavy Hits, Is US Crypto Hegemony Stabilized?

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SchroedingerGasvip
· 08-13 19:44
It's going to rise and get liquidated again.
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PanicSellervip
· 08-13 19:34
It has risen, right? It's time to cut loss.
View OriginalReply0
WhaleWatchervip
· 08-13 19:29
Regulation has loosened, it's time to da moon.
View OriginalReply0
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