ME News Report, May 19 (UTC+8), the latest industry analysis indicates that the United States' attitude toward cryptocurrencies is shifting from "law enforcement crackdown" to "establishing a regulatory framework." Over the past few years, the SEC has mainly regulated the crypto industry through lawsuits and enforcement actions, but due to the lack of unified rules, the market has faced long-term legal uncertainty. Currently, the U.S. Congress is accelerating the push for digital asset legislation, aiming to clarify which tokens are securities, commodities, and which regulatory agencies are responsible for oversight. Analysts believe this means Washington is no longer debating "whether the crypto industry should exist," but is beginning to focus on "how to regulate and profit from it." Stablecoins are one of the key reasons for the policy shift in the U.S. Because dollar-pegged stablecoins are directly related to U.S. Treasury bonds, payment systems, and the dollar's global status, the U.S. government increasingly views them as digital financial infrastructure rather than just speculative assets. Regulators worry that without rules, stablecoins could pose reserve risks and financial stability issues, but at the same time, they hope to leverage stablecoins to strengthen the dollar's dominant position in the global digital economy. Additionally, the U.S. is concerned that crypto innovation, capital, and job opportunities may flow to overseas markets with clearer regulations, so it aims to maintain its competitiveness in the global fintech field by establishing formal regulatory frameworks. Analysts believe that U.S. crypto regulation is entering an "institutionalization stage," and the industry may see more explicit compliance requirements in the future, including reserve transparency, investor protection, custody standards, and anti-money laundering regulations. (Source: BlockBeats)