Today October 28th Monday

【Blockdaemon: The United States may establish a clear digital asset regulatory framework by 2025, and the FIT21 bill is expected to be finally signed】On October 28th, Block infrastructure company Blockdaemon's research report pointed out that as the 2024 U.S. presidential election approaches, there is hope for a breakthrough in the digital asset regulatory landscape in 2025. The report stated that currently two key regulatory policies are in the legislative process: the proposal to abolish SAB 121 and the "21st Century Financial Innovation and Technology Act" (FIT21). Earlier, the SEC granted SAB 121 waivers to the Bank of New York last month, and it is expected that other Financial Institutions will also receive similar waivers. Blockdaemon predicts that the Senate's delay in reviewing the FIT21 bill is mainly due to consideration after the new government takes office. With the unprecedented attention to the digital asset issue in this presidential election, it is expected that the United States will establish a more comprehensive institutional framework for digital asset regulation in 2025, seeking a balance between industry innovation and Risk Management.