The long -awaited report of the White House on the recommendations of the Cryptocurrency Policy that can end the regulatory ambiguity for digital asset firms, many of which are trapped with unclear guidance around the laws of securities.
US Dollar Dollar Dollar Dollar Dollar of US Dollar Dollars through StableCoins and Crypto laws.
One of the major proposals of the report is a clear division of responsibilities between the user and the Exchange Commission (SEC) and the Commodity Foots Trading Commission (CFTC). The CFTC spot Crypto will gain authority over the markets, which will address long -term concerns about overlapping or enforcement enforcement.
Explaining the regulatory oversight boundaries between the two agencies will form the basis for a “mature, transparent and scalable crypto ecosystem”, Edwin Mata said, a blockchain Lahore and CEO Tokanning platform in a statement by Bricken, Coinlagraph.
“Let each body look after the device that aligns the best with its expertise, he avoids repetition and confusion,” “allows for frequent legal interpretations,” the mother said, “
“It is important in courts like the United States, where case laws and examples play a major role.”
MATA, due to inconsistent interpretations in the past for inconsistent regulatory positions, forces to resolve disputes between agencies. He said that the report “Caucenant may promote jurisprudence and allow to form a legal opinion on solid land.”
Ripple Sase sets resolution background
White House policy recommendations were published two months after the resolve of the most high-profile legal disputes in Crypto history: The Secus Against Ripple Ripple Labs. The regulatory agency filed a case against Ripple in December 2020, alleging that the firm raised $ 1.3 billion through the unregistered XRP (XRP) Securities Securities.
On March 19, Ripple CEO Brad Garlingose announced that SC has raised its presence against the company and celebrated Motors a “spectacular victory” for the next and crypto.
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In July 2023, a two -year -year -year -old, Judge Analyssa Torres ruled that the XRP was not second in retail sales, but when in August 2024, a fine of $ 125 million was formed to establish investors in the institute by imposing a fine of $ 125 million on Ripple.
On June 12, Ripple and the second A joint motion, to pay the settlement cost by the court to release a grip of $ 125 million in Escrow accounts
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SEC/CFTC Division addresses the “key barrier” to adopt mainstream crypto
The recommendations of the Whity House Crypto “may reduce industry concerns on unclear securities laws” by providing regulatory boundaries, which “prevents the innovation of Crypto,” analyzing analysts of the Crypto Exchange bitfinex.
“It carries Trump’s agenda ahead of the creation of ‘the same risk, equal rules’, which gives validity to the Overs -weight intervals and the Crypto through laws like Clarity Act, gender concerns persist,” ALYSTSTS Cointelegraph, Adding:
“Report pushing for intensive honesty against non-component firms, absent of details on a promised bitcoin reserve, and potential fractures on regulator kanti in the Crypto community, as not mentioned in recent analysis.”
However, the US Crypto Landscape still requires more recommendations for crypto service providers on making banking custody rules easier, and “there are speculation that are working,” analysts said.
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