#美国加密立法 The United States cryptocurrency legislation is receiving significant attention. In January 2025, Trump issued an executive order emphasizing the protection of citizens' rights to use public chains, participate in mining, and self-custody digital assets, while promoting the development of dollar stablecoins. In early May, the House introduced a new bill draft stating that third-party crypto transactions without rights to profits would not be considered securities transactions, aiming to provide a clear regulatory framework for exchanges. However, the Senate's progress on the GENIUS Act stablecoin bill has been stalled, as the bill seeks to expand jurisdiction over offshore stablecoin issuers. These legislative dynamics show that the United States is striving to balance innovation and regulation, impacting the global cryptocurrency market.