Recently, the Democratic Party of the U.S. Senate proposed a new regulatory framework for the crypto market, which has attracted widespread follow from the market. This framework not only involves the technical aspects of market regulation but also carries a strong political undertone, directly targeting the crypto assets interests of certain political figures. This move could become an important variable in the development of the crypto market in 2025.

The framework proposes several regulatory measures, including clarifying the leading role of the Commodity Futures Trading Commission (CFTC) in the regulation of digital assets, requiring crypto projects to disclose information to protect investor interests, and strengthening anti-money laundering measures, among others. Notably, there is a provision known as the "morality clause" that explicitly prohibits the president, officials, and their families from profiting from crypto investments during their term.

This clause is considered to target the crypto assets investment activities of certain political families. Reports indicate that a certain political family achieved an approximate $5 billion increase in paper wealth in a short period through its crypto assets project, with a significant amount of transactions conducted through overseas platforms, raising concerns about national security and conflicts of interest.

The introduction of the new framework will undoubtedly have a profound impact on the crypto assets market. In the short term, due to increased political uncertainty, the market may experience volatility. However, in the long run, this could drive the crypto market towards a more regulated and legalized direction.

It is worth noting that the framework also includes measures to prohibit interest payments on stablecoins, aimed at preventing disorderly competition between crypto finance and traditional banking. This indicates that regulators are striving to strike a balance between encouraging innovation and maintaining financial stability.

With the discussion and possible implementation of this regulatory framework, participants in the crypto assets market need to closely follow the policy direction and adjust their strategies in a timely manner. Regardless, this political game surrounding the regulation of Crypto Assets will become one of the key factors shaping the future digital asset ecosystem.