#美国加密立法 Legislative Background, the scale of the cryptocurrency market is growing larger. As a financial powerhouse, the United States cannot sit idly by. On one side, there is tremendous innovative potential in cryptocurrencies, attracting significant capital and talent; on the other side, issues such as fraud and money laundering, resulting from the lack of regulation, are also prevalent. If legislation is not enacted soon, the wallets of retail investors may be at risk. Currently, the legislative progress in the United States can be described as 'walking on multiple legs.' Both the House of Representatives and the Senate have established working groups specifically to study and formulate a regulatory framework for digital assets and stablecoins. The Senate is advancing regulatory work on stablecoins, with a bill proposed by Senator Bill Hagerty aimed at creating a regulatory framework. French Hill, Chairman of the House Financial Services Committee, also stated that the future stablecoin legislation will be similar to the Senate's plan and has bipartisan support, which means the likelihood of the bill passing is considerable. Additionally, David Sacks, the White House's head of artificial intelligence and cryptocurrency affairs, has stated that regulation is intended to keep innovation in the cryptocurrency field within the United States while mitigating risks posed by offshore companies. This clearly indicates that the U.S. aims to firmly grasp the development of cryptocurrencies in its hands.