The Trump administration has released a comprehensive cryptocurrency policy report outlining clear roles for federal regulators in the US.
Role Distribution Among Regulators
The new report proposes dividing responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC will gain authority over spot crypto markets, addressing longstanding concerns about regulatory overlaps.
Market Stability Through Regulatory Clarity
The regulatory division is expected to eliminate fragmented legal interpretations that have hindered cryptocurrency innovation in the US. Clear jurisdictional boundaries will provide a stable framework for financial markets. White House officials highlight that the document serves as a detailed foundation for regulators and legislators.
Industry Transformation And Global Competition
The new policy positions the US to compete with international regulatory frameworks, like Europe's Markets in Crypto-Assets directive. Traditional financial institutions will now have clearer guidelines for crypto custody and trading activities.
The policy introduced by the Trump administration aims to create clear and structured cryptocurrency regulation, enhancing the US's position in the industry and attracting attention to emerging market opportunities.
