The world is迎來 a new era of cryptocurrency legislation. With the rapid development of digital assets, governments around the world are strengthening regulatory frameworks. The EU took the lead in passing the MiCA bill, establishing clear regulations for stablecoins and trading platforms; the United States is promoting market structure reform and stablecoin supervision through multiple bills; Asia, such as Singapore and Hong Kong, is also strengthening licensing systems and anti-money laundering requirements. This wave of global legislation marks a significant shift from the early gray areas to compliance and transparency. The new regulations will enhance investor protection, combat fraud, pave the way for institutional funds to enter, and accelerate the integration of digital assets into the mainstream financial system.