The House Republicans plan to release a cryptocurrency regulatory draft before the hearing on May 6. If it continues the classification framework for decentralized assets from the FIT21 bill, it is expected to provide clearer regulatory guidance for the market. However, political interference from the Trump administration may introduce uncertainties into the details of the bill. Historically, overly strict regulations (such as the high capital requirements of the EU's MICA bill) can stifle innovation, while overly lenient regulations may pose risks. Ideal regulation should clearly define asset classifications (such as distinguishing between commodity and security properties), simplify compliance processes, and reserve space for emerging areas like DeFi; such balanced policies can promote adoption.