The introduction of the #数字资产法案 Digital Asset Bill is undoubtedly a key milestone in the development of the digital asset ecosystem. The passing of the FIT21 Bill in the United States, which clearly delineates the responsibilities of regulatory agencies, provides a clear path for digital asset regulation and ends the long-standing regulatory chaos in the industry. We see its positive significance for the construction of market order. The UK's legislation that includes cryptocurrencies and other digital assets under personal property categories provides strong legal protection for investors and greatly enhances market confidence.

Although these bills each have their highlights, they also face challenges. For example, some state-level bills have inconsistent standards, which can lead to regulatory arbitrage, providing opportunities for some criminals. Moreover, issues such as severe price volatility and technical security risks inherent in digital assets mean that current legislation is still not comprehensive enough to address these concerns.

Overall, the emergence of digital asset legislation is more beneficial than detrimental. It lays a solid foundation for the healthy development of the industry and takes significant steps in investor protection and market regulation. As practice progresses, we believe the legislation will continue to improve, better balancing innovation and regulation, driving the digital asset industry forward steadily, and unleashing its immense potential in the economic field.