On October 28th, the latest research report of blockchain infrastructure company Blockdaemon pointed out that as the 2024 US Presidential Election approaches, the digital asset regulatory landscape is expected to achieve a breakthrough in 2025. The report pointed out that two key regulatory policies are currently in the legislative process: one is the SAB 121 repeal proposal, and the other is the landmark "21st Century Financial Innovation and Technology Act" (FIT21). Among them, the FIT21 bill was passed in the House of Representatives in May 2024 with bipartisan support. Previously, it was reported that the SEC had issued SAB 121 exemptions to the Bank of New York last month, and other Financial Institutions Groups are expected to receive similar exemptions. Blockdaemon predicted that the Senate's delay in considering the FIT21 bill will mainly take place after the new administration takes office. With the issue of digital assets receiving unprecedented attention in this presidential election, it is expected that in 2025 the United States will establish a more complete institutional framework in the field of digital asset regulation, seeking a balance between industry innovation and risk management.