#我在Gate广场过新年 U.S. Treasury Secretary Makes Major Statement: Crypto Legislation Expected to Gain Bipartisan Support! Market May Face Structural Turning Point

📰 Event Overview
According to BitcoinTreasuries, U.S. Treasury Secretary Janet Yellen explicitly stated during a live Fox News broadcast that the "Bitcoin and Cryptocurrency Market Structure Act" is expected to receive bipartisan support in Congress. This statement is seen as an important political signal indicating a clearer direction for U.S. crypto regulation.
🔍 Policy Background Analysis
Core Goals of the Legislation
The bill aims to clarify the regulatory classification of cryptocurrencies (securities/commodities), define the responsibilities of regulatory agencies (SEC/CFTC), and establish compliant frameworks for trading, custody, and stablecoin issuance, addressing the long-standing issue of "regulatory uncertainty." Bipartisan Consensus Foundation
Republicans: Generally support innovation and industry autonomy
Democrats: Emphasize consumer protection and financial stability
Yellen’s statement suggests both parties may find common ground on "prioritizing clear rules over outright bans."
💎 Potential Market Impact
✅ Positive Signals
Regulatory clarity (transparency) expected to be realized
If the bill passes, it will remove major barriers for institutional entry, and the compliant pathway for traditional capital allocation into crypto assets will be fully opened.
Long-term Confidence Boost
As a global financial hub, the U.S. systemic regulatory framework could serve as a reference model for many countries, accelerating global crypto compliance progress.
Beneficiaries in Specific Sectors
Exchanges/Custodians: Reduced operational compliance costs
ETF Issuers: Further improvement in spot ETF approval environment
Compliant DeFi Projects: May receive support through "regulatory sandbox"
⚠️ Risk Warnings
Short-term Pain
New regulations may require some projects to make significant compliance adjustments, putting pressure on small and medium-sized platforms to survive.
Decentralized Protocol Challenges to Legislation
May impose difficult compliance requirements on DAOs, anonymous protocols, etc., sparking debates over "regulatory arbitrage."
🌐 Related Market Dynamics
The Biden administration’s attitude has evolved from a 2022 executive order calling for a "whole-of-government assessment" to Treasury Secretary Yellen’s public support for legislation, indicating a shift from caution to "orderly acceptance" of crypto.
Global Regulatory Race Accelerates
The EU has already implemented the MiCA law, and regions like the UK and Singapore are actively promoting crypto regulation. This recent U.S. stance may help form a "U.S.-EU dual-core" regulatory framework.
📊 Investment Insights
"Regulation is not the enemy; uncertainty is."
If the bill passes, the crypto market will see:
1️⃣ A shift from "speculative assets" to "allocatable assets"
2️⃣ Deepening of institution-led liquidity structures
3️⃣ Compliance premiums replacing valuation bubbles as the new pricing logic
🔮 Follow-up Focus Points
Specific provisions of the bill (especially regarding token classification, stablecoin issuance, tax reporting details), congressional voting schedule, and potential amendments and contentious issues
The evolving stance of traditional financial institutions (such as BlackRock, JPMorgan)