In recent years, U.S. cryptocurrency legislation has made significant progress, aiming to balance innovation and regulation. The Trump administration promoted the Bitcoin Strategic Reserve Act, incorporating judicially seized Bitcoin into the national reserves, striving to strengthen the dollar's position through asset diversification, thereby demonstrating its emphasis on cryptocurrencies. However, there are still disagreements regarding the regulatory framework, with disputes over the jurisdiction of the SEC and CFTC and uncertainties in stablecoin regulation hindering industry development. In 2025, proposals such as the Market Structure Bill and the GENIUS Act gained bipartisan support, attempting to provide clear rules for decentralized finance, but the Senate rejected some pro-crypto bills, reflecting a cautious regulatory attitude. Overall, U.S. cryptocurrency legislation is moving towards supporting innovation, but it needs to address issues of regulatory overlap and legal gaps to ensure financial stability and investor protection. In the future, clarifying federal regulations and state-level coordination will be key to avoiding the outflow of innovation and enhancing the U.S.'s competitiveness in the global crypto market.