The United States' dominant position in the global cryptocurrency sector is facing threats. The current regulatory legislative process has encountered difficulties, with legislative progress nearly at a standstill.

According to the latest information, the U.S. Congress's efforts to push forward the cryptocurrency regulatory framework have reached an impasse. While there was initially consensus among parties to establish clear regulatory rules, the actual legislative process has yet to make substantial breakthroughs. This stagnation is concerning, as other economies around the world are accelerating their efforts to improve their cryptocurrency policies.

Meanwhile, regions and countries such as the European Union, Singapore, and the United Arab Emirates are already leading in the regulation of digital assets, actively establishing clear regulatory standards. In comparison, the slow legislative progress in the U.S. could result in a gradual loss of competitive advantage in this critical area. If the U.S. cannot expedite the passage of relevant bills, it may further strengthen the influence and attractiveness of other countries within the crypto ecosystem.