$BTC As House Republicans prepare to release a new cryptocurrency regulatory draft ahead of an important hearing on May 6, the crypto market once again becomes the focus of global attention. This bill will attempt to clarify the United States' regulatory approach to the cryptocurrency market, stablecoins, and digital assets, providing the industry with a clearer legal framework.

For years, the legal gray areas surrounding digital assets have left investors and developers in a state of uncertainty, which has, on one hand, suppressed institutional entry and, on the other, increased compliance costs for innovative companies. The release of this draft may become a key step in promoting the compliance development of the entire cryptocurrency industry.