๐งญ Direction of American Crypto Policy (2025)
The United States is shifting its approach to crypto from a repressive stance to a supportive one:
- Functional Regulation: Digital assets are categorized based on their economic function (securities, commodities, or commercial tools), rather than merely old legal definitions.
- Support for Innovation: The government encourages the SEC and CFTC to ease regulations to accelerate the growth of digital assets.
---
๐ฆ Integration of Traditional Finance & Crypto
- Crypto Banks & Tokenization: Banks dealing with crypto should not have their licenses delayed. Payment and deposit systems are beginning to adopt tokenization.
- Automated Approval: If regulators do not respond in a timely manner, applications are considered approved by default.
---
๐ก๏ธ Privacy, Taxes, and Anti-Monopoly Policy
- CARF Framework: Prevents cross-border crypto tax evasion, but does not apply to DeFi due to its intermediary-free nature.
- Rejection of CBDC: The government rejects central bank digital currency as it is seen as a threat to privacy and financial freedom.
---
๐ CLARITY Act & Digital Rights
- Provides clarity on jurisdiction between the SEC and CFTC.
- Guarantees citizens' rights to hold crypto assets independently and engage in peer-to-peer transactions.
---
๐ Philosophical Meaning
This report marks a โhard forkโ in ideology: from an era of fear towards crypto to an era of golden innovation. It is more than just a legal documentโit carries the narrative that blockchain could be the backbone of the financial system of the future.
