The emergence of the #数字资产法案 #数字资产法案 Digital Asset Bill is undoubtedly a key milestone in the development of the digital asset ecosystem. The passage of the FIT21 bill in the United States clearly delineates the responsibilities of regulatory agencies, providing a clear path for digital asset regulation and ending the long-standing period of regulatory chaos in the industry. We see its positive significance for the construction of market order. The UK's legislation, which includes cryptocurrencies within the scope of personal property, 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 lack uniform standards, which can create opportunities for regulatory arbitrage, allowing some illegal actors to take advantage. Additionally, the inherent characteristics of digital assets lead to issues such as price volatility and technical security risks, and current legislation is still insufficient in addressing these challenges.