"For years, US crypto firms operated under overlapping rules from the SEC, CFTC, FTC and FinCEN. The revised 2025 plan signals Washington's intent to build a more flexible and structured framework tailored to digital assets. The SEC is moving toward a model centered on innovation, capital formation, market efficiency and investor protection. This marks an acknowledgment that crypto requires dedicated rules rather than adaptations of older regulations. The plan may lead to exemptions, safe harbors, DLT-specific transfer agent rules and crypto market structure amendments."
"The plan's success will depend on cross-agency coordination and international alignment between regulatory agencies. Strong execution could encourage other jurisdictions to adopt more consistent global standards for crypto. Since its early years, the US cryptocurrency industry has operated in an unclear regulatory environment. Different agencies, such as the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC), the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN), have been overlooking different aspects of the crypto ecosystem."
U.S. crypto firms historically faced overlapping oversight from the SEC, CFTC, FTC and FinCEN, creating regulatory uncertainty. The SEC's revised 2025 plan signals a shift toward tailored crypto rules emphasizing innovation, capital formation, market efficiency and investor protection. Proposed measures include exemptions, safe harbors, DLT-specific transfer agent rules and amendments to crypto market structure to better integrate digital assets with traditional infrastructure. Successful implementation requires strong cross-agency coordination and international alignment. Effective execution could reduce compliance ambiguity, encourage broader institutional participation and prompt other jurisdictions to pursue more consistent global standards for digital assets.
Read at Cointelegraph
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