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U.S. Crypto Assets Legislation Accelerates: Three Major Bills May Reshape Industry Outlook
Washington Crypto Assets Legislation Week: Three Major Bills That May Reshape the Industry Outlook
This week, the U.S. Congress is accelerating the advancement of several pieces of legislation supporting Crypto Assets, indicating that the industry is about to undergo significant changes. This not only injects new growth momentum into the industry but also significantly reduces its future risks.
Legislative Highlights
On July 3rd, the U.S. House of Representatives announced that starting June 14th would be "Crypto Assets Week" and committed to advancing three key pieces of Crypto Assets legislation:
The "GENIUS Act": Provides a clear regulatory framework for stablecoins. The act has been passed in the Senate with a vote of 68 to 30, making it one of the most bipartisan consensus bills of the 2025 congressional session.
The "CLARITY Act": Establishes a comprehensive regulatory framework for Crypto Assets, aimed at providing clear compliance guidance for market participants.
The "Anti-CBDC Surveillance State Act": Prohibits the United States from creating a 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 them 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 risk
Promote Growth: Clear Crypto Assets legislation will encourage large financial institutions to increase their presence in the crypto field, attract billions of dollars in investments, and guide tens of trillions of dollars in traditional assets into the blockchain-based ecosystem.
Reduce Risks: The Crypto Assets industry has suffered severe blows due to a lack of regulation. Clear regulations will help prevent the occurrence of incidents similar to FTX, Luna, and Three Arrows Capital, enhancing 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 has been one of the best-performing assets globally, yet it has experienced seven declines of over 70%. Clear regulation will lower the risk of unexpected crashes caused by unregulated platforms, and the likelihood of significant market volatility will also decrease.
Reasons for Bipartisan Support
Crypto Assets are one of the few policy issues that have garnered widespread support from both parties in the United States. The passage of the GENIUS Act in the Senate is an example, demonstrating a bipartisan support base. There are several reasons behind the bipartisan support:
This economic incentive ensures the long-term sustainability of Crypto Assets legislation. Once these bills are passed and signed into law during "Crypto Assets Week," Crypto Assets will enter a new era of mainstream adoption.
Institutional Adoption Trends
By June 30, 2025, almost all major financial institutions in the United States have ventured into Crypto Assets trading, custody, or derivatives markets. This wave adopted by institutions further solidifies the position of Crypto Assets and makes policy reversals even more difficult.
Washington's "Crypto Assets Week" is not only a legislative gala but also a turning point for the encryption industry towards maturity. Through this legislation, the Crypto Assets market will welcome clearer rules, lower investment risks, and stronger growth momentum. This not only opens new opportunities for investors and institutions but also lays the foundation for building an open, transparent, and efficient financial ecosystem. Crypto Assets are becoming mainstream, and the legislative progress made this week will write a new chapter for the industry's future.