Washington Promotes Crypto Assets Legislation: A Turning Point for Industry Development

This week, the U.S. Congress accelerated the advancement of several pieces of legislation supporting Crypto Assets, marking a significant transformation for this emerging industry. This not only injects new growth momentum into the Crypto field but also significantly reduces its future risks.

Legislative Highlights

The U.S. House of Representatives announced the promotion of three key Crypto Assets legislations:

• The "GENIUS Act": Provides a clear regulatory framework for stablecoins. The bill has passed in the Senate with a vote of 68 to 30, making it one of the most bipartisan pieces of legislation in the 2025 congressional session.
• The CLARITY Act: Establishes a comprehensive regulatory framework for Crypto Assets, aiming to provide clear compliance guidelines for market participants.
• The "Anti-CBDC Surveillance State Act": Prohibits the United States from creating Central Bank Digital Currency (CBDC) to protect financial privacy and market freedom.

Although the last two bills still require Senate approval, the passage of any one of the bills in the House of Representatives would be an important milestone for the Crypto Assets industry.

The Importance of Legislation

A clear regulatory framework will bring dual benefits to the Crypto Assets industry:

Promote growth and reduce risks

1. Promote Growth: Clear Crypto Assets legislation will encourage large financial institutions to increase their presence in the encryption sector, attract significant investments, and guide traditional assets into the blockchain-based ecosystem.

2. Reducing Risks: The Crypto Assets industry has been repeatedly hit hard due to a lack of regulation, such as the collapses of certain trading platforms, stablecoin projects, and investment funds. These failures largely stem from the absence of regulation. Clear regulations will help prevent similar risks and boost investor confidence.

Although clear rules cannot completely eliminate market scandals, they can significantly reduce the likelihood of such events occurring. Over the past 15 years, Bitcoin, while one of the best-performing assets globally, has experienced multiple significant fluctuations. Clear regulation will help lower market risks and reduce the potential for extreme volatility.

Background of Bipartisan Support

Crypto Assets are one of the few policy issues that have received broad bipartisan support in the United States. The passage of the GENIUS Act in the Senate exemplifies this, showcasing a cross-party support base. There are several reasons behind the bipartisan support:

• Enthusiasm of young voters: Crypto Assets are very popular among the younger demographic, making it difficult for politicians to ignore this trend.
• Driving by the Financial Industry: The American financial sector is eager to seize the growth opportunities brought by Crypto Assets. Several major financial institutions have varying degrees of involvement in the encryption field, and a large number of American individuals and businesses have also invested in it.

This economic incentive ensures the long-term sustainability of Crypto Assets legislation. Once these bills are passed and signed into law, Crypto Assets will enter a new era of mainstream adoption.

Institutional Adoption Trends

According to data from a certain asset management company, as of June 30, 2025, nearly all major financial institutions in the United States have entered the Crypto Assets trading, custody, or derivatives markets. This wave adopted by institutions further solidifies the position of Crypto Assets and makes policy reversals more difficult.

Conclusion

The cryptocurrency legislation promoted by Washington is not only a legislative gala but also a turning point for the crypto industry towards maturity. Through multiple legislations, the crypto assets market will welcome clearer rules, lower investment risks, and stronger growth momentum. This not only opens up new opportunities for investors and institutions but also lays the groundwork for building an open, transparent, and efficient financial ecosystem. Crypto assets are becoming mainstream, and this series of legislative advancements will write a new chapter for the industry's future.