The introduction of the #数字资产法案 Digital Asset Bill is undoubtedly a key milestone in the development of the digital asset ecosystem. The passage of the FIT21 Bill in the United States, which clearly delineates the responsibilities of regulatory agencies, has established a clear path for digital asset regulation, ending the long-standing period of regulatory confusion in the industry. We can see its positive significance for the construction of market order. The UK's legislation that incorporates cryptocurrencies into the category of personal property provides strong legal protection for investors, greatly enhancing market confidence. ​

Although these bills each have their highlights, they also face challenges. For instance, the lack of uniform standards among some state-level bills creates opportunities for regulatory arbitrage, allowing some criminals to take advantage. Additionally, the inherent characteristics of digital assets lead to issues such as severe price volatility and technical security risks, and the current legislation is not yet adequate in addressing these problems. ​

Overall, the emergence of digital asset legislation is more beneficial than detrimental. It lays a solid foundation for the healthy development of the industry and makes important strides in investor protection and market regulation. As practices advance, it is believed that the legislation will continue to improve, better balancing innovation and regulation, promoting the steady progress of the digital asset industry, and unleashing its immense potential in the economic field.