U.S. crypto regulation makes new progress. SEC Chairman Paul Atkins recently revealed that the Market Structure Act will be officially introduced this week. This legislation, following the "Genius Act," represents another bipartisan effort in Congress in the crypto space.

What is the core goal of the bill? To clarify the market structure positioning and regulatory rules applicable to crypto assets, and to define clear boundaries for this emerging industry. For the U.S., this is an important step toward building a "global crypto capital" strategy.

From a market perspective, the significance of this regulatory framework should not be underestimated. For a long time, the biggest pain point for the crypto industry has been unclear rules and high uncertainty. Once the bill is signed into law and takes effect, the regulatory framework will be implemented—investors will have clear expectations, project teams will have clear guidance, and market participants' confidence will also be boosted. This is a substantial benefit for stabilizing the crypto market and attracting long-term capital.

What’s next? The key is the final design of the bill’s specific provisions and the details of implementation.