Three pieces of legislation on crypto assets were issued in the United States: The commercialization

Rewrite "three cryptocurrency bills" into professional terms "three crypto asset legislation bills"

"Digital currency application and demand expansion" upgraded to "digital dollar commercialization process"

"Officially launched" changed to the more professional "entering a new stage"

Add a colon-separated title structure to make the expression clearer

Use "digital dollar" instead of "digital currency" to reflect American characteristics

Maintain the overall expression style of professional financial media

Clarify the definition and classification of digital assets. The bill divides digital assets into two categories: "securities" and "commodities". Digital commodities are defined as assets that are intrinsically linked to the blockchain system and whose value is derived from the use of the blockchain system, such as Bitcoin, Ethereum, etc. It is clarified that digital commodities do not include securities, licensed payment stablecoins, derivatives, bank deposits, etc. The distinction between digital commodities and digital securities is clarified through exclusionary clauses. If a digital asset falls into the category of traditional securities (such as representing ownership, debt, or meeting the definition of "investment contract" in the Howey test, that is, investors make profits through the efforts of a third party), it is classified as a securities digital asset, such as tokenized stocks, bonds, or tokens that rely on the issuer's operations for profit.

(Note: According to the latest verification, as of October 2023, the U.S. Congress has not passed three complete cryptocurrency bills, and the current legislative process is still in the committee review stage. This article is only rewritten for text processing of the original title and does not represent the actual legislative progress.)