The US is intensifying its regulatory efforts to become a global leader in cryptocurrency and blockchain technology.
These efforts align with President Donald Trump’s vision of establishing America as the central hub for the crypto sector.
SEC Takes Crypto Tour to Rewrite Digital Asset Rulebook
On August 1, the US Securities and Exchange Commission (SEC) revealed plans to hold a series of roundtables across the country to engage with the crypto industry.
These roundtables will allow smaller crypto firms, particularly those with fewer than 10 employees and less than two years of operation, to interact with the SEC’s Crypto Task Force.
The SEC had previously hosted five roundtable discussions in Washington D.C., receiving hundreds of written submissions from industry participants.
Building on the success of those sessions, SEC Commissioner Hester Peirce emphasized the importance of the planned outreach. She highlighted the need to engage stakeholders who may not have been able to participate earlier.
“We want to hear from people who were not able to travel for the roundtables that took place this past spring in Washington, D.C. and may not have had a voice in past policymaking efforts. The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible,” Commissioner Peirce said.
The roundtable series will run from August through December, beginning in Berkeley, California, and concluding in Ann Arbor, Michigan.
The initiative seeks to ensure broad input on the evolving regulatory space as the SEC works to shape policies that will impact the industry for years to come.
CFTC Also Doubles Down on Pro-Crypto Rules
Alongside the SEC’s efforts, the Commodity Futures Trading Commission (CFTC) has also launched a significant initiative to strengthen digital asset regulation.
The CFTC revealed that it was moving forward with recommendations outlined by the President’s Working Group on Digital Asset Markets. These recommendations advocate for clearer regulatory frameworks for blockchain technology and digital assets.
CFTC Acting Chair Caroline Pham expressed that these steps are in line with President Trump’s aim to solidify America’s position as a leader in the global crypto market.
Notably, the agency has already made strides by hosting the inaugural Crypto CEO Forum and withdrawing outdated guidance. It has also introduced new regulatory frameworks designed to offer clarity for crypto market participants..
Additionally, the CFTC has been exploring the potential of a digital asset market pilot program. The financial regulator is also engaging in tokenization projects to ensure that US regulations evolve alongside the industry.
The CFTC’s new initiatives, coupled with its collaboration with the SEC on “Project Crypto,” signal a more structured regulatory approach that will likely influence the future growth of digital asset markets in the US.
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