This Wednesday, the U.S. political scene has been active in the Crypto Assets field, attracting widespread follow from the market.

First, Democratic lawmakers have proposed a seven-point regulatory framework for the crypto market. This initiative aims to establish norms for this rapidly growing industry, with one key provision restricting sitting officials from profiting through crypto projects in order to maintain the fairness and integrity of the market. This proposal reflects regulators' concerns about the potential risks of the crypto assets market, while also embodying expectations for the long-term healthy development of the industry.

At the same time, the U.S. Congress is actively advancing research related to Bitcoin reserves. Congress has requested the Treasury to submit a detailed report on the feasibility of Bitcoin reserves within 90 days. This move indicates that decision-makers are seriously considering the role that Bitcoin may play in the national financial strategy, which could have far-reaching impacts on the mainstreaming process of Crypto Assets.

However, while the Crypto Assets market may welcome good news, traditional financial markets are facing potential risks. The renowned investment bank JPMorgan has issued a warning, pointing out that if the Federal Reserve proceeds with its planned interest rate cut at the upcoming meeting on September 17, it could trigger a "buy the rumor, sell the news" market sell-off. The bank advises investors to remain vigilant for potential market corrections, highlighting the complexity and uncertainty of the current financial markets.

These developments indicate that Crypto Assets are increasingly becoming the focus of policymakers and financial institutions. With the gradual clarification of regulatory frameworks and increased institutional participation, the Crypto Assets market may welcome new development opportunities, but it also faces more challenges and uncertainties.