‍ #加密市场结构原则法案#

The principle bill marks a turning point in U.S. crypto regulation. By clearly defining digital assets as either securities or commodities, it provides much-needed legal clarity. This helps companies understand their compliance obligations and reduces uncertainty.

Regulatory clarity is expected to attract more institutional investors. Although stablecoin issuers like USDC and USDT may face stricter compliance, the reduced legal ambiguity benefits the market in the long term.

The bill avoids placing too much power in the hands of a single regulator. Instead, it promotes cooperation between agencies like the SEC and CFTC. This division of responsibilities allows innovation to flourish while still protecting consumers.

Stronger anti-money laundering rules and consumer protections are also emphasized. For example, the Mastercard–Chainlink collaboration shows how projects can meet compliance needs through technical solutions like interoperability protocols.

However, political tensions remain a risk. While many Republican lawmakers support crypto innovation, Democrats often focus on tighter controls. These differences may cause delays or shifts in policy, creating market volatility.

Globally, the bill could set a regulatory standard. If stablecoin-focused laws like the “Genius Act” are passed, other countries may follow the U.S. model, strengthening America’s leadership in digital finance.

Overall, this bill moves the U.S. from a “gray area” to a clearer regulatory framework. In the short term, market reactions may be mixed. But in the long run, it supports a safer, more transparent crypto environment.