#数字资产法案 ｜The U.S. House of Representatives is about to announce a new cryptocurrency regulation draft. Will this bring the 'clarity' the market has been anticipating?

Republicans in the U.S. House of Representatives will release a brand new cryptocurrency regulation draft ahead of an important hearing on May 6, focusing on the regulatory framework for cryptocurrencies, stablecoins, and broadly defined digital assets. This is seen as the United States' first systematic attempt to define the status of digital assets within the financial system.

Whether this bill can bring clarity to the crypto market has become a focal point of industry attention. For years, project teams, investors, and even exchanges have found themselves in a regulatory gray area, unsure of whether to comply with securities law, commodity law, or another framework. The introduction of #数字资产法案 is expected to address this critical pain point.

If it can reasonably categorize asset types, clarify the authority of regulatory agencies (such as the boundaries of responsibilities between the CFTC and SEC), and establish a 'safe harbor' mechanism for innovative projects, this will greatly promote Web3 innovation and institutional capital entry.

However, there are also concerns:

• If the bill is too strict and cumbersome, it may lead to projects relocating and capital outflows.

• If definitions are vague, it may trigger more legal disputes and market chaos.

• Whether regulation of decentralized structures such as DeFi and DAOs is reasonable will be a key point of contention.

What do you think constitutes truly 'beneficial' regulation? Is it flexible and inclusive, or strict and standardized? The ultimate direction of #数字资产法案 may determine the position of the United States in the global crypto landscape. Feel free to share your thoughts!