The United States intensifies its regulatory efforts to become a world leader in cryptocurrency and blockchain technology.
These efforts align with the vision of President Donald Trump to establish America as the central center of the cryptography sector.
Dry takes the crypto tour to rewrite rules for the settlement of digital assets
On August 1, the Securities and Exchange American Commission (SEC) revealed its intention to hold a series of round tables across the country to engage with the cryptographic industry.
These round tables will allow small crypto businesses, in particular those with less than 10 employees and less than two years of operation, to interact with the working group on the dry crypto.
The SEC had previously welcomed five round paintings at Washington DC, receiving hundreds of written bids from industry participants.
Based on the success of these sessions, the SEC Commissioner, Hester Peirce, stressed the importance of planned awareness. She underlined the need to hire stakeholders who may not have been able to participate earlier.
We want to hear people who could not travel for the round tables that took place last spring in Washington, DC and who may have had no voices in the efforts to develop past policies. The Crypto working group is perfectly aware that any regulatory framework will have large -scale effects, and we want to make sure that our awareness is as complete as possible, “said the commissioner.
The round series will take place from August to December, from Berkeley, California, and will end in Ann Arbor, Michigan.
The initiative aims to ensure a great contribution on the evolution of the regulatory space while the SEC strives to shape policies that will have an impact on industry for the years to come.
CFTC also doubles on Pro-Crypto rules
In addition to the SEC efforts, the Commodity Futures Trading Commission (CFTC) also launched an important initiative to strengthen the regulation of digital assets.
The CFTC revealed that it was going forward with recommendations described by the president’s working group on the digital asset markets. These recommendations argue for lighter regulatory frameworks for blockchain technology and digital assets.
The acting president of the CFTC, Caroline Pham, expressed that these stages were in accordance with the goal of President Trump to consolidate the position of America as a leader in the world market of cryptography.
In particular, the agency has already made progress by hosting the first CEO forum of cryptography and by withdrawing obsolete advice. It also introduced new regulatory executives designed to provide clarity to cryptography market players.
In addition, the CFTC has explored the potential of a digital asset market pilot program. The financial regulator is also committed to tokenization projects to ensure that American regulations are evolving alongside industry.
The new CFTC initiatives, associated with its collaboration with the SEC on “Project Crypto”, report a more structured regulatory approach which will probably influence the future growth of digital asset markets in the United States.
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