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📅 July 3, 7:00 – July 9,
Recently, the U.S. House of Representatives passed an important Crypto Assets regulatory bill – FIT21. The core of this bill is to clearly define the regulatory responsibilities of the Commodity Futures Trading Commission (CFTC) and the SEC in the Crypto Assets field, providing industry participants with clearer Compliance guidance.
This initiative will undoubtedly have a far-reaching impact on the Crypto Assets market. On one hand, the clarification of the regulatory framework may encourage more institutional investors to enter the market, injecting new vitality and funds into the industry. On the other hand, certain terms may impose certain restrictions on the development of decentralized finance (DeFi), raising concerns within the industry about the space for innovation.
It is worth noting that the introduction of the FIT21 Act is just one part of the global Crypto Assets regulatory wave. As governments and regulatory agencies in various countries gradually improve relevant regulations, the future direction of the Crypto Assets market will largely depend on the specific content and implementation effectiveness of these regulatory frameworks.
For market participants, closely monitoring regulatory dynamics and timely adjusting strategies will be key to maintaining competitiveness in this rapidly changing field. At the same time, finding a balance between Compliance and innovation will also be an important issue faced by the entire industry.
With the advancement of the FIT21 Act, we can expect a series of new changes and opportunities in the cryptocurrency market in the United States and even globally in the near future. Whether investors, entrepreneurs, or regulators, everyone needs to welcome the arrival of this new era with an open and prudent attitude.