The emergence of the Digital Assets Act #数字资产法案 is undoubtedly a key turning point in the development of the digital asset ecosystem. The passage of the FIT21 Act in the United States has clearly delineated the responsibilities of regulatory agencies, providing a clear path for digital asset regulation and ending the long-standing regulatory chaos in the industry. We see its positive significance for the construction of market order. The UK’s inclusion of cryptocurrencies and other digital assets under personal property legislation provides strong legal protection for investors and greatly enhances market confidence. ​

These acts each have their highlights, but they also face challenges. For instance, the lack of uniform standards in some state-level legislation can create regulatory arbitrage opportunities, allowing some unscrupulous individuals to take advantage. Furthermore, issues such as the severe price volatility and technological security risks inherent in digital assets mean that current legislation is still not sufficiently comprehensive in its response. ​

Overall, the introduction of the Digital Assets Act is more beneficial than detrimental. It lays a solid foundation for the healthy development of the industry and makes significant strides in investor protection and market regulation. As practical implementation progresses, it is believed that the act will continue to improve, better balancing innovation and regulation, promoting the stable advancement of the digital asset industry, and unleashing its enormous potential in the economic field.