The global acceleration of digital asset legislation is underway, with cryptocurrencies, NFTs, and other digital assets set to receive clear legal definitions and regulatory frameworks. The new bill requires trading platforms to operate under a license, strictly enforce KYC and anti-money laundering regulations, and establish investor protection mechanisms. Key regulatory focuses include: asset classification management, trading transparency, and risk warning systems. It is noteworthy that the bill will also explore regulatory paths for innovative models such as DeFi and DAO, striving to strike a balance between risk prevention and encouraging innovation. The current points of contention are: how to grasp the scale of regulation? How to coordinate cross-border regulation? This transformation will profoundly affect the landscape of the digital asset industry.