White House crypto rules bring SEC-CFTC clarity for US crypto firms: Lawyer
The White House's recent report on cryptocurrency policy aims to end regulatory uncertainty for digital asset firms by carving out clear jurisdictions between the SEC and CFTC. This division is expected to address investor concerns regarding ambiguous securities laws, a significant barrier to mainstream adoption. The report outlines recommendations on market structure, banking regulations, and the role of stablecoins. Edwin Mata, a blockchain lawyer, emphasized that clearer oversight can promote consistent legal interpretations, alleviating the confusion that has historically plagued the industry. The report comes on the heels of the resolution of the Ripple lawsuit, highlighting a potential pivot in the regulatory environment. While the recommendations may ease concerns, analysts note the importance of further clarity on banking custody rules for crypto service providers, alongside ongoing scrutiny of non-compliant firms.
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