#加密立法新纪元 #加密立法新纪元 Reshaping Rules and Industry Transformation!

The three pieces of legislation passed during the U.S. "Cryptocurrency Week" mark a substantial implementation of the cryptocurrency regulatory framework, opening a new era of global cryptocurrency legislation and profoundly affecting the direction of the industry.

"Guidance and Establishment of the U.S. Stablecoin National Innovation Act"

("Genius Act"), requires stablecoin issuers to obtain federal or state-level licenses, hold U.S. dollar cash, bank deposits, or short-term U.S. Treasury bonds in a 1:1 ratio as reserves, enhance fund security, incorporate digital assets into the U.S. sovereign credit system, consolidate the dollar's hegemony in the digital age, create demand for U.S. Treasury bonds, and help resolve the debt crisis.

"Digital Asset Market Clarity Act" ("Clarity Act"), clarifies the commodity nature of cryptocurrencies, delineates the regulatory division of labor between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), weakens the SEC's regulatory power, and provides clear rules for the cryptocurrency market.

"Anti-Central Bank Digital Currency Surveillance National Act" ("Anti-CBDC Act"), prohibits the Federal Reserve from issuing retail central bank digital currency without authorization, protects citizens' privacy and financial freedom, and builds a "protective wall" for cryptocurrencies.