#美国加密立法 The United States is accelerating the construction of a cryptocurrency regulatory system, with legislative battles at the federal and state levels reshaping the industry landscape. The House of Representatives passed the "21st Century Financial Innovation and Technology Act" (FIT21), which clarifies the divisions of responsibility between the SEC and CFTC: the SEC regulates security tokens, while the CFTC oversees digital commodities such as Bitcoin, and innovatively defines the standard for "decentralization" (single entity holding ≤20%). Stablecoin legislation has faced ups and downs; the Senate's "GENIUS Act" was defeated by a 48:49 vote due to demands from the ** party to prohibit officials from participating in cryptocurrency business, but the market expects negotiations to possibly restart before August.