#美国加密立法

State-level policies show divergence: New Hampshire signs HB 302, allowing the state treasury to allocate up to 5% of public funds (approximately $181 million) to invest in Bitcoin, setting a precedent for local government reserves; states like North Carolina and Texas are following suit, while states like Florida have vetoed similar proposals due to risk concerns.

Regulators shift to rule-making: The SEC Chairman announces the end of the 'enforcement regulatory' model, promising to clarify exemption clauses through rules; the CFTC strengthens its regulatory powers over digital commodities and DeFi through FIT21. Industry response is polarized: Companies like Coinbase support the legislation, while 34 institutions jointly call for clarification of the definition of 'money transmitter' to avoid over-regulation.