#美国加密立法 U.S. cryptocurrency legislation has always been a focal point of global attention. Recently, the process of U.S. cryptocurrency legislation has accelerated, with related bills emerging continuously. For example, the 'GENIUS Act' and the 'STABLE Act' aim to regulate the issuance and supervision of stablecoins. The 'GENIUS Act' specifies clear requirements for the reserves of stablecoin issuers and the regulatory framework. However, there are also many controversies during the legislative process, such as concerns from the Democratic Party regarding potential conflicts of interest in the Trump family's cryptocurrency business. Additionally, various states in the U.S. are actively advancing cryptocurrency legislation; as of March this year, at least 18 states have initiated relevant legislative processes. U.S. cryptocurrency legislation not only affects the domestic market but may also have a profound impact on the global cryptocurrency regulatory landscape.