The FIT21 bill, led by the Republican Party, aims to amend existing securities and commodity regulations and establish a regulatory framework for digital assets to promote the development of the crypto industry. The United States hopes to create a stable and effective regulatory environment for the healthy growth of the crypto asset market through this bill. In the future, we will join forces with the SEC and CFTC to further focus on the integration of Defi and financial markets, NFT and traditional markets, further improve the financial literacy of crypto asset investors, strengthen the infrastructure construction of the blockchain financial market, and protect the rights and interests of investors while maximizing the role of crypto assets and blockchain technology in promoting economic development.