# A New Era of Cryptocurrency Legislation in the U.S.: Clarification of Regulations or Increased Complexity?
**#U.S. Cryptocurrency Legislation** **$BTC**
In recent years, the regulatory policies for cryptocurrencies in the United States have undergone significant changes, especially after the Trump administration regained power, with a series of policies supporting the development of cryptocurrencies being introduced. From the **Bitcoin Strategic Reserve Act** to the **Stablecoin Accountability Act**, and the new SEC Chairman Paul Atkins' commitment to ending the practice of “regulating through enforcement,” the U.S. seems to be moving towards its goal of becoming the “global crypto capital.” However, have these policy changes led to real regulatory clarity, or have they merely added new layers of complexity?
## **1. The Most Eye-Catching Policy: The Bitcoin Strategic Reserve Act**
Among all the new policies, the **Bitcoin Strategic Reserve Act** is undoubtedly the most groundbreaking. This act includes 200,000 bitcoins (approximately 6% of the circulating supply) seized by the U.S. government through judicial forfeiture into the national strategic reserves, implementing a permanent sales ban. This move not only has a direct impact on the supply and demand of the bitcoin market but also marks the official inclusion of bitcoin in the U.S. national financial infrastructure, reinforcing its “digital gold” attributes.
- **Market Impact**: After the announcement of the act, the bitcoin price initially surged and then retreated, but the market ultimately absorbed the long-term positive news, stabilizing the price above $90,000. - **Global Chain Reaction**: This act may trigger other countries to follow suit; if multiple major economies establish crypto reserves, the value of bitcoin could see a revaluation of 2-3 orders of magnitude.
## **2. Regulatory Easing: SEC Repeals SAB 121, Ending the Era of “Enforcement Regulation”**
After taking office, the new SEC Chairman Paul Atkins quickly repealed the controversial **SAB 121** accounting policy, which required financial institutions to include cryptocurrencies held by customers on their balance sheets, increasing the compliance costs for custody services. This adjustment is seen as a key signal of the SEC's shift from “enforcement regulation” to “clarification of rules.”
Additionally, the SEC has also terminated investigations into platforms like Coinbase and Kraken, and is promoting the legislative process of the **Financial Innovation and Technology Act of the 21st Century (FIT21)**, aimed at clarifying the regulatory framework for digital assets.