Cryptocurrency industry experts analyzed the far-reaching impact of the FIT21 Act. The Act sets a clear classification and regulatory framework for digital assets, clearly stipulates that they will be jointly regulated by the CFTC and the SEC, and supports innovation and research on the impact of DeFi and NFTs on traditional financial markets. It is expected that this will end the more than ten-year gray period of cryptocurrency regulation and promote the healthy development of the industry.

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