#美国加密立法 family, recently the noise in the United States regarding cryptocurrency legislation has been huge! It feels like the entire cryptocurrency circle is waiting for the other shoe to drop.

First, let's talk about the background of this legislation. The cryptocurrency market is growing larger, and as a financial powerhouse, the United States certainly cannot sit idle. On one side, there is tremendous potential for innovation in cryptocurrencies, attracting a large amount of capital and talent; on the other side, issues such as fraud and money laundering due to the lack of regulation are also prevalent. If legislation isn't passed soon, the wallets of the small investors could be in danger.

Currently, the legislative progress in the U.S. can be described as "walking on multiple legs." Both the House of Representatives and the Senate have established task forces to specifically study and formulate a regulatory framework for digital assets and stablecoins. The Senate is already advancing the regulatory work for stablecoins; for example, the bill proposed by Senator Bill Hagerty aims to create a regulatory framework. The Chairman of the House Financial Services Committee, French Hill, has also indicated that future stablecoin legislation will be similar to the Senate's proposal and has bipartisan support, which means the likelihood of the bill passing is quite high.

Additionally, David Sacks, the White House's head of artificial intelligence and cryptocurrency affairs, has stated that regulation is meant to keep innovation in the cryptocurrency field within the United States while also guarding against the risks posed by offshore companies. This is very clear: the U.S. wants to firmly grasp the development of cryptocurrencies in its own hands.

From the industry's perspective, once legislation is enacted, leading cryptocurrency exchanges and compliant projects will certainly benefit. For instance, Coinbase has been actively embracing regulation and may potentially expand its business in the future. However, those non-compliant small exchanges and vaporware projects are likely to face difficulties. For us ordinary investors, with clearer regulation, investment risks can be relatively reduced, and we no longer have to worry every day about projects running away. However, legislation is not a cure-all; the cryptocurrency market is highly volatile, and everyone still needs to invest cautiously and not follow blindly!