The long -awaited report for the White House on the recommendations of encrypted currency policy that may put an end to years of organizational uncertainty of digital asset companies, which has struggled with many with unclear instructions on securities laws.
The working group of US President Donald Trump on digital assets released the encryption policy report last Wednesday, which clarifies recommendations on the market structure, banking regulations and methods to enhance the domination of the US dollar through encryption tax laws.
One of the main proposals of the report is a clearer section of the responsibilities between the US Securities and Exchange Committee (SEC) and the CFTC. CFTC will get an authority on the immediate encryption markets, tackling long concerns related to interference or conflicting implementation.
“Explain organizational supervision restrictions between the two clients on the basis setting for a” mature, transparent and developed encoding system, “Edwin Mata, a Blockchain lawyer and CEO of the distinguished symbol platform, said in a statement to Cointelegraph.
Matta said: “Allowing every body to supervise the tools that are in line with the best of its experience, which allows” consistent legal interpretations, “adding:
“This is very important in judicial authorities such as the United States, where the jurisdiction and race play a dominant role.”
According to Matta, unwanted organizational positions in the past led to fragmented legal interpretations, forcing the courts to resolve disputes between agencies. He said that the report can “enhance coherent jurisprudence and allow the formation of legal opinions on solid ground.”
The decision of the rear ripples is placed
The White House policy recommendations were published two months after one of the most prominent prominent legal conflicts in the date of encryption: a lawsuit against SEC against Ripple Labs. The organizational agency filed a lawsuit against Ripple in December 2020, claiming that the company raised $ 1.3 billion through unregistered XRP (XRP) sales.
On March 19, CEO of Ripple Brad Garlinghouse Declare The Supreme Education Council has dropped its attractiveness against the company and celebrated this step as a “resounding victory” for the company and the encryption industry.
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Two years earlier, in July 2023, Judge Angisa Torres spent that XRP is not safety in retail sales, but it is one when selling to institutional investors, and a fine of $ 125 million on Ripple in August 2024.
On June 12, Ripple and SEC made a joint proposal to issue $ 125 million in guarantee accounts to pay the settlement costs requested by the court
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The SEC/CFTC “Hey HURDLE” is treated to adopt the prevailing encryption
The White House encryption recommendations may be “alleviating industry fears regarding mysterious securities laws” by providing the regulatory limits dealing with “a major obstacle that prevents American encryption innovation,” according to analysts from Crypto Excination Bitfinex.
“While this is progressing on the Trump agenda by urging” the same risks, the same rules “to close the supervision gaps and give legitimacy to encryption through legislation such as the law of clarity, continuous concerns continue.”
“Pushing the report to the intense SEC enforcement against non -compatible companies, the absence of details about the promised American Bitcoin reserves, and potential fractures in the encryption community on organizational formation, as shown in recent analyzes.”
However, the scene of the encryption of the United States still needs more recommendations about alleviating the banking nursery rules for encryption services providers, and there is “speculation that this is being worked on,” the analysts said.
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The magazine: The fear and suspicion of the legislators proposes the proposed encryption regulations in the United States
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