The initiative, backed by the GENIUS Act and the White House study, intends to:
• Clearly describe cryptocurrency tokens, the majority of which are not securities.
• Establish specific guidelines and safe havens for network incentives, airdrops, and initial coin offerings.
• Permit super-apps that combine lending, staking, and trading under a single license.
• Update custody regulations to protect self-custody and make it easier for middlemen to comply.
This is a significant change in policy, moving away from enforcement and toward innovative encouragement and clear regulations. The United States is taking the lead in the developing ecosystem of digital assets. 💥
