#数字资产市场洞察 🚀 The U.S. encryption policy trio: infrastructure, regulation, and taxation make a strong push

In the last 24 hours, the American encryption sector has released several significant signals, which seem to be building a complete framework from technology to systems.

First, let's talk about infrastructure. The DTCC has been approved for a pilot project, which means that the traditional financial clearing system will directly interface with on-chain assets. This is no small matter — institutions have been stuck on settlement efficiency and risk control, and now the technical barriers are about to be removed.

The regulatory aspect is more direct. Michael Selig has officially taken over the CFTC, and this person is pushing Congress to accelerate the progress of the encryption market legislation right from the start. More importantly, the SEC has already excluded Bitcoin and Ethereum from the securities category, and the CFTC will take over the responsibility of trading regulation. The long-standing "regulatory tug-of-war" seems to be coming to an end, replaced by clear rules that have legal backing.

Interesting new moves in taxation. Bipartisan lawmakers have proposed a draft bill — exempting small stablecoin payments from capital gains tax and allowing staking rewards to be recognized 5 years later. This changes the whole mindset: it’s not about "how to restrict," but "how to make good use of it." In simple terms, it means making encryption payments truly as convenient as money, encouraging long-term participation from holders.

The three links are interconnected: clearing infrastructure is in place, the regulatory framework is clear, and tax costs are reduced—once these obstacles are removed, the large-scale application of encryption assets will have a systemic foundation. This approach is very systematic, and it seems that the United States aims to build a compliant and low-friction encryption ecosystem. For retail investors, this could mean that a new wave of institutional entry and mass adoption is really on the way.

$BTC $ETH $SOL