On October 28, news emerged that Blockdaemon, a blockchain infrastructure company, pointed out in its latest research report that as the 2024 U.S. presidential election approaches, the regulatory landscape for digital assets is expected to achieve breakthrough progress in 2025. The report highlighted that two key regulatory policies are currently in the legislative process: one is the proposal to repeal SAB 121, and the other is the landmark 'Financial Innovation and Technology Act of the 21st Century' (FIT21). The FIT21 bill has already been passed in the House of Representatives with bipartisan support in May 2024. Previously, the SEC granted a waiver for SAB 121 to the Bank of New York last month, and it is expected that other financial institutions will receive similar waivers. Blockdaemon predicts that the Senate will delay deliberation on the FIT21 bill primarily to consider it after the new government takes office. With the unprecedented focus on digital asset issues in this presidential election, it is expected that the U.S. will establish a more comprehensive regulatory framework for digital assets in 2025, seeking a balance between industry innovation and risk management.