#美国加密周 【US Crypto Week: Regulatory Games and Market Turbulence】

US Crypto Week (9.18-9.24) focuses on congressional hearings and SEC developments. The deadlock over Bitcoin ETF approvals remains unbroken, while Coinbase receives a payment license but faces a joint investigation from various states. The Federal Reserve's interest rate hike expectations disturb the market, with BTC briefly rebounding before falling back to $26,000. Key developments include:

1️⃣ The House passed the '21st Century Financial Innovation and Technology Act', marking the first legislation for digital asset regulation;

2️⃣ The SEC sued the NFT project Stoner Cats, expanding the definition of securities;

3️⃣ Grayscale's legal victory narrows the GBTC discount rate to 17%.

Analysts point out that policy uncertainty remains the biggest short-term risk, and institutional entry may need to wait for the implementation of new regulations in 2024. (120 words)