#数字资产法案 Digital Asset Bill The emergence of the Digital Asset Bill is undoubtedly a key milestone in the development of the digital asset ecosystem. With the passage of the US FIT21 Bill, which clearly delineates the responsibilities of regulatory agencies, a clear path for digital asset regulation has been established, ending the long-standing regulatory chaos in the industry. We can see its positive significance for the construction of market order. The UK’s legislation that includes cryptocurrencies in the category 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 instance, the lack of uniform standards among some state-level bills can lead to regulatory arbitrage, allowing some criminals to take advantage of the situation. Additionally, issues like severe price volatility and technical security risks inherent to digital assets mean that the current legislation is not yet comprehensive enough to address these challenges. ​

Overall, the emergence of the Digital Asset Bill is more beneficial than harmful. It lays a solid foundation for the healthy development of the industry and makes significant strides in investor protection and market regulation. As practice progresses, it is believed that the bill will continue to improve, better balancing innovation and regulation, promoting the steady advancement of the digital asset industry, and unleashing its immense potential in the economic realm.