Will cryptocurrencies enter an era of smart regulation?

In the midst of the global digital transformation, the American Digital Asset Bill project emerges as one of the most prominent attempts to comprehensively regulate the cryptocurrency market. The proposed law aims to remove the ambiguity that has surrounded the market for years, especially with the increasing disputes between regulatory bodies such as the SEC and CFTC.

What distinguishes this project is that it does not treat cryptocurrencies as a single entity, but rather seeks to classify them accurately: Are they securities? Commodities? Or a new type requiring a special regulatory category? This detail could lead to a regulatory revolution if implemented in a flexible and intelligent manner.

The real challenge lies in balancing:

Between protecting investors from fraud, and supporting innovation without imposing stifling restrictions.

If America succeeds in achieving this balance, it could regain its position as a global hub for the Web3 industry.

Do you think such a law is necessary in 2025? Or should the market regulate itself?