Latest Situation: Three major bills have been passed in the House of Representatives and will take effect after being signed by President Trump, officially starting the regulatory bull market.

Mature decentralized projects in the regulatory bull market are: Bitcoin ($BTC ), Ethereum ($ETH ), Cardano ($ADA )

Three Key Bills Presented at Crypto Week 2025

1 GENIUS Act (Stablecoin Act)

Focuses on the issuance and regulation of stablecoins, requiring issuing companies to maintain a 1:1 backing with cash or highly liquid assets.

2 CLARITY Act (Regulatory Clarity Act)

Clearly defines that “digital assets” fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). Creates an official definition for “digital commodities,” eliminating the previous regulatory gray areas of the SEC.

3 Anti-CBDC Surveillance State Act

Prohibits the Federal Reserve from researching or issuing Central Bank Digital Currencies (CBDCs) to protect user privacy and prevent government surveillance risks.

Impact of the Three Bills

Establishes a clear regulatory framework for the entire market, especially regarding the classification of stablecoins and digital assets and the applicable institutions. Increases confidence among businesses and institutions in adopting crypto technology, accelerating innovation and widespread application.

💼 Business Reactions and Future Prospects

1 Retail giants (like Walmart, Amazon) are interested in issuing their own stablecoins to save on transaction costs.

2 As regulations become clearer, traditional financial institutions and exchanges can enter the crypto space with greater assurance.

3 Cardano (ADA) may shed the SEC's “security” label and become key for the listing of the ADA ETF.