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In the US political arena, the topic of Crypto Assets has once again become the focus. It is reported that the "Crypto Assets Week" initiative launched by the Republican Party has faced strong opposition from Democrats. Representatives Maxine Waters and Stephen F. Lynch have jointly initiated an initiative called "Anti-Crypto Assets Corruption Week," aimed at opposing several bills related to Crypto Assets.
These bills, viewed as problematic by Democrats, include the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act. Waters and Lynch stated that these bills could pave the way for so-called "Crypto Assets corruption," and therefore called on their Democratic colleagues to work together to prevent these bills from passing.
This move highlights the profound differences between the two parties in the United States regarding the regulation of Crypto Assets. The Republican Party seems inclined to create a more lenient environment for the Crypto Assets industry, while the Democratic Party adopts a cautious stance, concerned about the potential risks involved.
As the influence of Crypto Assets in the global financial system continues to grow, regulatory issues have become a significant challenge faced by governments around the world. The United States, as a global financial center, will undoubtedly have a major impact on the global Crypto Assets market with its policy direction in this area.
The political struggle surrounding the Crypto Assets bill not only reflects the differences in financial regulatory concepts between the two parties in the United States but also mirrors the complex regulatory environment faced by the Crypto Assets industry. In the future, finding a balance between innovation and regulation will be a question that policymakers need to think deeply about.