U.S. encryption legislation accelerates, multiple bills make key progress.

The United States is accelerating the legislative process related to Crypto Assets. On July 4th, legislation known as the "Big and Beautiful Act" was passed in the House of Representatives. The current fiscal expansion policy may undermine market confidence in the dollar and U.S. Treasury bonds, while tax cuts and fiscal stimulus measures create a more relaxed macro environment for Crypto Assets.

Meanwhile, the "Genius Act" and "Clarity Act", which focus on stablecoins and market structure, are currently under consideration in the House of Representatives. These acts are expected to make significant progress during the special "Crypto Week" on July 14.

The core content of these bills covers multiple aspects of the Crypto Assets field, including market regulation, investor protection, and stablecoin management. Legislators are striving to find a balance between promoting innovation and protecting investor interests.

With the advancement of these bills, the Crypto Assets industry may welcome a clearer regulatory framework, which will help improve market transparency and stability. However, the specific implementation details and potential impacts still need further observation and analysis.

Industry insiders generally believe that a clear legal framework will lay the foundation for the long-term development of the Crypto Assets industry, while also potentially attracting more institutional investors into this field. However, there are also views that overly strict regulation may stifle innovation and growth.

Overall, the rapid advancement of cryptocurrency legislation in the United States reflects the government's emphasis on this emerging industry and signifies that crypto assets are gradually being incorporated into the regulatory framework of the mainstream financial system.