#数字资产法案 Digital Asset Bill Details

1. Bill Content

The U.S. House of Representatives and Senate are advancing bills related to stablecoins, aimed at providing a clear legal framework for the digital asset market. Specific contents include:

• Stablecoin Definition: Defining payment stablecoins as a type of digital asset used for payment or settlement, which is pegged to a fixed currency value .

• Regulatory Framework: Establishing clear licensing requirements for institutions issuing stablecoins to ensure stability and transparency in market structure .

• Investment Restrictions: Allowing state governments to invest a certain percentage of public funds in digital assets, for example, Arizona allows up to 10% of public funds to be invested in Bitcoin and digital assets .

2. Impact

• Market Clarity: These bills are expected to bring much-awaited clarity to the cryptocurrency market, reducing market uncertainty .

• Regulatory Path: By clearly delineating the responsibilities of regulatory agencies, it ends the industry's long period of regulatory chaos and positively contributes to market order construction .

• Investment Diversification: Allowing state governments to invest in digital assets helps diversify public funds, improving the efficiency of fund utilization.

3. Implementation Status

• Arizona: Has passed a bill allowing up to 10% of public funds to be invested in Bitcoin and digital assets, and if signed by the governor, it will become the first state in the U.S. to officially implement such a bill .

• North Carolina: The House has passed a bill allowing up to 5% of state investments to be used for digital assets, which must be evaluated by an independent third party to ensure investment safety and compliance .

• New Hampshire: A bill allowing a portion of state funds to be invested in digital assets and precious metals has passed the second committee and is entering the full Senate vote .

• Montana: Proposed HB 429, suggesting allowing state investment of up to $50 million in Bitcoin, digital assets, stablecoins, and precious metals as a diversified investment for state finances .

4. Other Related Developments

• Trump Family Launches Digital Stablecoin: With the support of a cryptocurrency-friendly president's brand effect, it helps USD1 rapidly grow its market size and capture market share.