ChainCatcher news, according to OKG Research analysis, the FIT 21 bill, stablecoin-related legislation, and the repeal of the SAB 121 proposal are the three most likely and crucial crypto regulations to be introduced in the future.If the FIT 21 bill is passed, it is expected to promote the launch of spot ETFs for cryptocurrencies like SOL and XRP, and inject new momentum into the DeFi sector, especially through exemption policies and RWA integration. At the same time, the SEC may allow Ethereum spot ETF staking, which will attract attention to staking projects within the DeFi ecosystem.The market share of stablecoins in cross-border payments and settlements will continue to grow, expected to surpass traditional financial institutions like Visa. The repeal of the SAB 121 proposal will simplify the compliance burden for crypto custodians, attracting more banks and institutional investors into the crypto space.

ChainCatcher news, Bitwise released the Q2 2024 market review report, which states that cryptocurrency is gaining bipartisan support in the United States. In the vote for the FIT 21 bill on May 22, 2024, only 3 Republicans voted against it, while the majority of Republicans supported the FIT 21 bill.Additionally, the number of supporters for the bill was 279, while the number of opponents was 136.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett's information shared on X, cryptocurrency critic Jamaal Bowman, who voted against the FIT 21 bill, lost to Westchester County Executive George Latimer in the Democratic primary for New York's 16th district.The pro-cryptocurrency super PAC Fairshake spent $2 million on ads opposing Bowman last week.Fairshake spokesperson Josh Vlasto stated, "Jamaal Bowman opposed establishing clear rules for the cryptocurrency and blockchain industry, and now he has to find another way. The cryptocurrency and blockchain community will continue to support candidates who believe in innovation and job creation, working across party lines to get the job done."