#数字资产法案 Digital Asset Bill Details

1. Bill Content

The U.S. House of Representatives and Senate are advancing bills related to stablecoins, aimed at providing a clear legal framework for the digital asset market. Specific content includes:

• Stablecoin Definition: Defines stablecoins as a type of digital asset used for payment or settlement, linked to a fixed currency value.

• Regulatory Framework: Establishes clear licensing requirements for institutions issuing stablecoins, ensuring market structure stability and transparency.

• Investment Restrictions: Allows state governments to invest a certain percentage of public funds in digital assets, such as Arizona permitting up to 10% of public funds to be invested in Bitcoin and digital assets.

2. Impact

• Market Clarity: These bills are expected to bring much-anticipated clarity to the cryptocurrency market, reducing market uncertainty.

• Regulatory Path: By clearly delineating the responsibilities of regulatory agencies, it ends the long-standing regulatory chaos in the industry, positively contributing to market order construction.

• Investment Diversification: Allowing state governments to invest in digital assets helps diversify public funds, improving fund utilization efficiency.

3. Implementation Status

• Arizona: Has passed a bill allowing up to 10% of public funds to be invested in Bitcoin and digital assets, which, if signed by the governor, will make it the first state in the U.S. to officially implement such a bill.

• North Carolina: The House passed a bill allowing up to 5% of state investments to be used for digital assets, which must undergo independent third-party assessments to ensure investment safety and compliance.

• New Hampshire: A bill allowing a portion of state funds to be invested in digital assets and precious metals has passed the second committee and is entering a full Senate vote.

• Montana: Proposed HB 429, suggesting to allow the state to invest up to $50 million in Bitcoin, digital assets, stablecoins, and precious metals as a diversified investment for state finances.