according to the website - By BTC Peers
On Wednesday, the Trump administration published its comprehensive report on cryptocurrency policy, detailing the specific roles of federal regulatory agencies. According to Cointelegraph, the President's working group on digital assets proposed to divide responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Under the new structure, the CFTC will gain authority over the spot markets for cryptocurrencies. This addresses long-standing industry concerns about duplication of functions among various agencies. The 160-page report represents the most comprehensive federal guidance on digital assets to date.
Edwin Mata, a blockchain lawyer and CEO of the tokenization platform Brickken, told Cointelegraph that clear regulatory oversight will create a 'mature, transparent, and scalable crypto ecosystem.' The policy recommendations were developed following a six-month analysis process established by Trump's January executive order.
Market stability through clear regulation
The regulatory division addresses a problem that Bitfinex analysts called 'a key obstacle holding back cryptocurrency innovation in the US.' Clear jurisdictional boundaries should eliminate the patchwork of legal interpretations that previously forced courts to resolve disputes between agencies.
A coherent regulatory framework is necessary for the effective functioning of financial markets. The new structure allows each agency to oversee instruments relevant to its jurisdiction. ABC News reported that White House representatives characterized the document as a detailed framework for regulators and lawmakers.
We previously reported that the establishment of strategic Bitcoin reserves has become a global trend as countries recognize crypto assets as legitimate reserve instruments. Now, a clear regulatory framework allows American companies to participate more confidently in this evolving market structure.
Industry transformation and global competition
The new regulatory framework allows America to compete with international regulations in the cryptocurrency sector, such as the European Markets in Crypto-Assets Directive. SEC Chairman Paul Atkins announced the 'Crypto' initiative aimed at modernizing securities trading rules for on-chain financial markets.
Traditional financial institutions can now access clearer guidance on the custody and trading of cryptocurrencies. The framework specifically regulates banking relationships for crypto service providers. In March, federal banking regulators announced that banks no longer need prior approval to engage in cryptocurrency activities.
However, some concerns remain regarding the intensity of enforcement and compliance costs. A Grant Thornton analysis showed that while the SEC will take a more selective approach to future cases, companies still have to account for changing compliance requirements. The division between agencies creates opportunities to choose the most suitable jurisdiction while also providing specialized expertise on different types of assets.
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