Reports on the White House’s long-awaited crypto-policy recommendations could end years of regulatory uncertainty among digital asset companies, many of which struggle with unclear guidance on securities laws.
us President Donald TrumpThe working group for digital assets has released Crypto Policy Report Last Wednesday, it outlined recommendations on market structure, banking regulations and approaches to consolidate the dominance of the dollar through stable and crypto tax laws.
One of the main proposals of the report is a more obvious division of responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC will gain power over the spot cryptocurrency market to resolve long-term concerns about overlap or conflict execution.
Clarifying regulatory oversight restrictions between the two agencies will lay the foundation for a “mature, transparent and scalable crypto ecosystem.”
“Get every agency oversight of tools that best align with its expertise avoid duplication and confusion,” Mata said.
“This is crucial in jurisdictions like the United States, where case law and precedents dominate.”
According to MATA, past inconsistent regulatory stances have led to dispersed legal interpretations, forcing courts to resolve disputes among institutions. He said the report could “promote coherent jurisprudence and allow for the formation of legal opinions on solid grounds.”
Corrugated litigation solution background
The White House policy recommendations were published two months after one of the most compelling legal disputes in crypto history: SEC’s lawsuit against Ripple Labs. Regulators sued Ripple in December 2020, accusing the company of raising $1.3 billion through unregistered XRP (XRP) Securities sales.
On March 19, Ripple CEO Brad Garlinghouse Announce SEC has Give up appeal Opposing the company and celebrating the move is “inspiring” for the company and the cryptocurrency industry.
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Two years ago, in July 2023, Judge Analisa Torres ruled that XRP is not the security of retail, but the retail sales sold to institutional investors, but the $125 million fine August 2024 on Ripple.
June 12, Ripples and SEC A joint motion was filed to release $125 million held in the escrow account to cover the settlement costs of the court-ordered
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SEC/CFTC sector targets the “key barrier” to adopting mainstream cryptocurrencies
Analysts at Crypto Exchange Bitfinex said the White House crypto recommendation could also “relieve industry concerns about ambiguity securities laws” by providing regulatory boundaries to address “critical barriers to stop US Crypto Innovation.”
“While this raises Trump’s agenda by urging ‘same risks’, passing legislation like Clarity Act, the same rules, narrow the oversight gap and legalize cryptocurrencies,” analysts told Cointelegraph, adding:
“The report promotes enhanced enforcement against non-compliant companies, lacking details about U.S. bitcoin reserves and potential cracks in the cryptocurrency community regarding regulatory severity, as noted in recent analysis.”
However, the U.S. cryptocurrency landscape still requires more advice on mitigating crypto service providers to relax bank custody rules and “guess this is being worked on.”
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