The U.S. Commodity Futures Trading Commission (CFTC) launched an initiative called "The Digital Currency Race" to implement the Trump administration's recommendations as quickly as possible and reach a final solution with the Securities and Exchange Commission (SEC) on the classification of digital currencies, market structure, and investor protection, while maintaining America's leadership in the global digital economy.
This sounds nice, but what’s happening on the ground is completely different. The U.S. regulation is operating with a 1950s mentality in a market that changes every week. Instead of understanding decentralized finance and embracing it, they are dragging along outdated laws that were written when currencies were printed with ink.
Every new protocol born in the DeFi world is judged before it even takes a breath. Instead of encouraging innovation, they scare developers from even trying. The cost of compliance has become an impossible burden on any emerging team, making the U.S. market uninviting rather than attractive.
The SEC and CFTC, instead of protecting investors, are protecting the interests of large institutions. Regulation does not provide safety; it provides monopoly. What is happening right now is an attempt to regain control over a system that has gone out of their hands, not a genuine desire for modernization.
America is not leading the digital revolution… it is losing it.