U.S. Takes Lead in Crypto Regulation as China Pursues Digital Finance Strategy

The United States is shaping its approach to crypto regulation with the passing of the GENIUS Act in July 2025. This legislation signifies a move towards greater regulatory clarity, contrasting with China’s more restrictive approach. The U.S. House recently passed key bills aimed at establishing crypto regulatory leadership, setting it apart from China’s strategy for e-CNY, their central bank digital currency. U.S. agencies like the SEC and CFTC are also providing clarifications on crypto assets to promote transparency and mitigate risks, further highlighting the U.S.’s stance against China’s ambitions in digital finance.