According to @_RichardTeng, the U.S. is moving beyond retrofitting 80-year-old securities laws to blockchain technology, signaling a shift in regulatory approach for digital assets; source: @_RichardTeng on X, Aug 8, 2025. He states that the combined force of Project Crypto, the GENIUS Act, and market structure bills in Congress introduces a modular, layered approach to digital-asset oversight; source: @_RichardTeng on X, Aug 8, 2025. These are the specific U.S. legislative efforts he highlights that pertain directly to digital-asset market structure and regulatory clarity relevant to trading; source: @_RichardTeng on X, Aug 8, 2025.