#数字资产法案 Digital Asset Legislation The emergence of the Digital Asset Legislation is undoubtedly a key milestone in the development of the digital asset ecosystem. The passage of the US FIT21 legislation, which clearly delineates the responsibilities of regulatory agencies, provides a clear path for digital asset regulation, bringing an end to the long period of regulatory chaos in the industry. We can see its positive significance for the construction of market order. The UK legislation that includes cryptocurrencies as part of personal property grants investors strong legal protection, significantly enhancing market confidence.

While these legislations each have their highlights, they also face challenges. For instance, the lack of uniform standards in some state-level legislations can create opportunities for regulatory arbitrage, allowing some criminals to exploit the situation. Moreover, issues such as severe price volatility and technological security risks inherent in digital assets have not been adequately addressed by the current legislations.