In January #美国加密立法 2025, Trump issued an executive order emphasizing the protection of citizens' rights to use public blockchains, participate in mining, and self-custody digital assets, as well as to promote the development of USD stablecoins. In early May, the House introduced a new bill draft stipulating that third-party cryptocurrency transactions without profit rights would not be considered securities transactions, aimed at providing clear regulatory frameworks for exchanges. However, the Senate's progress on the GENIUS Act stablecoin bill was hindered, as the bill sought to expand jurisdiction over offshore stablecoin issuers.