Recently, the U.S. legislative body has made significant breakthroughs in the regulation of Crypto Assets. The House of Representatives passed three key encryption regulatory bills by an overwhelming majority, which has not only attracted widespread attention from domestic and international media but also marks a milestone step for the U.S. in the global regulation of Crypto Assets.

The three bills are the "Genius Act", the "Clarity Act", and the "Anti-CBDC Surveillance State Act". Among them, the "Genius Act" has already been signed into effect by Trump and is considered a strategic initiative for the United States to maintain its leadership position in the global finance and encryption technology sectors.

What is the core objective of the "Genius Act"? It aims to establish a clear legal framework for the regulation of Crypto Assets, particularly stablecoins. The implementation of this act will provide clearer guidance for the issuance and use of stablecoins within the United States, while also potentially having a profound impact on the global stablecoin market landscape.

The "Clear Act" focuses on clarifying the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the regulation of Crypto Assets. This initiative is expected to reduce regulatory overlap, improve regulatory efficiency, and provide clearer compliance guidance for market participants.

The introduction of the "Anti-CBDC Surveillance State Act" reflects the United States' concerns over the potential risks of Central Bank Digital Currency (CBDC). This legislation aims to prevent the privacy infringements and excessive surveillance issues that may arise from CBDC, highlighting the U.S.'s emphasis on personal freedom and privacy protection in the development of digital currency.

The introduction of these three bills will not only reshape the regulatory environment for Crypto Assets in the United States but may also serve as a reference for other countries in formulating relevant policies. For global crypto startup projects, this means they need to pay more attention to compliance issues and may need to adjust their operational strategies to adapt to the new regulatory requirements.

With the gradual implementation of these laws, we can foresee a new transformation in the global Crypto Assets regulatory landscape. Governments and regulatory agencies in various countries may draw on the practices of the United States to formulate or improve their own Crypto Assets regulatory frameworks. This series of changes will undoubtedly have a profound impact on the global Crypto Assets market, pushing the industry towards a more regulated and mature direction.