The long-awaited white house report on cryptocurrency policy recommendations can end years of regulatory uncertainty for digital asset companies, many of which have experienced unclear advice regarding securities laws.
On Wednesday, the US President Donald Trump’s working group on digital assets published his report on cryptographic policy, describing recommendations on market structure, banking regulations and methods to strengthen the domination of the US dollar through stablescoins and cryptographic tax laws.
One of the main proposals of the report is a division of responsibilities between the American Commission for Securities and Exchange (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC will obtain authority in the cryptographic markets Spot, meeting long -standing concerns concerning overlap or contradictory application.
The clarification of regulatory surveillance limitations between the two agencies will lay the foundations for a “transparent and scalable cryptography ecosystem,” said Edwin Mata, lawyer and CEO of the Tokenization platform, in a declaration in Cointelegraph.
“Let each body supervise the instruments that line up best with their expertise avoid duplication and confusion”, allowing “coherent legal interpretations”, said Mata, adding:
“This is essential in the courts like the United States, where case law and the previous one play a dominant role.”
According to Mata, inconsistent regulatory positions in the past have led to fragmented legal interpretations, forcing the courts to resolve disputes between agencies. He said that the report “promoted coherent case law and would make it possible to form legal opinions on solid ground”.
The resolution of prosecution against the undulation defines the backdrop
The political recommendations of the White House were published over two months after the resolution of one of the most publicized legal disputes in the history of cryptography: the SEC trial against Ripple Labs. The regulation agency continued Ripple in December 2020, alleging that the company had raised $ 1.3 billion thanks to non -registered XRP (XRP) titles (XRP).
On March 19, the CEO of Ripple, Brad Garlinghouse, announced that the SEC had abandoned its appeal against the company and celebrated the move as a “resounding victory” for the company and the cryptography industry.
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Two years earlier, in July 2023, judge Analisa Torres ruled that XRP was not a guarantee in retail sales, but constituted one when it was sold to institutional investors, and influenced a fine of $ 125 million on Ripple in August 2024.
On June 12, Ripple and the SEC submitted a joint request to release the $ 125 million held on entire accounts to pay the settlements ordered by the Court
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White House Crypto recommendations can also “mitigate industry concerns concerning ambiguous securities laws” by providing regulatory limits that deal with a “key obstacle which prevents us cryptographic innovation”, according to Crypto Exchangex analysts.
“Although this is advancing Trump’s agenda by urging” the same risk, the same rules “to fill the surveillance gaps and legitimize the crypto via legislation like the Clarity Act, persistent concerns persist,” said analysts at Cointelegraph, adding:
“(The concerns include) the push of the report to intensify the application of the SEC against non -compliant companies, the absence of details on a reserve of promised American bitcoin and the potential fractures in the cryptographic community compared to the regulatory rigor, as indicated in recent analyzes.”
However, the landscape of American cryptography still needs more recommendations on the softening of bank care rules for cryptographic service providers, and there is “speculation on which this is worked,” said analysts.
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Magazine: fear and doubt of legislators lead to cryptography regulations offered in the United States
