Alene Poleyestewa VnYK

The U.S. crypto regulatory landscape is **complex and fragmented**, involving multiple agencies with overlapping jurisdictions. There's no single federal framework, but here's how it currently works:

### Key Regulators & Focus Areas
1. **SEC (Securities and Exchange Commission)**
- **Role:** Treats most tokens (except Bitcoin) as *securities* if they pass the **Howey Test**.
- **Actions:**
- Sues exchanges (e.g., Coinbase, Binance) for unregistered securities trading.
- Demands ETF issuers (like BlackRock) use surveillance agreements.
- Targets staking services and DeFi platforms.

2. **CFTC (Commodity Futures Trading Commission)**
- **Role:** Regulates **Bitcoin and Ethereum** as *commodities* and oversees crypto derivatives.
- **Actions:**
- Fines unregistered crypto derivatives platforms.
- Leads fraud/market manipulation cases (e.g., FTX).

3. **FinCEN (Financial Crimes Enforcement Network)**
- **Role:** Enforces **AML/CFT rules** (Anti-Money Laundering/Combating Terrorist Financing).
- **Rules:** Crypto exchanges must register as **MSBs**, verify identities (KYC), and report suspicious activity.

4. **IRS (Internal Revenue Service)**
- **Role:** Taxes crypto as **property**.
- **Rules:** Capital gains/losses apply to trades, mining, and NFT sales.

5. **OCC/Federal Reserve/FDIC**
- **Role:** Oversee banks interacting with crypto (e.g., custody services, stablecoin issuance).
- **Stance:** Generally cautious; proposed limiting banks' crypto exposure (2022).

6. **State Regulators**
- **NYDFS:** Requires **BitLicense** for crypto businesses operating in New York.
- Others: Varying rules for money transmission licenses.

The Trump administration has unveiled its comprehensive **Digital Asset Report**, outlining a unified strategy for cryptocurrency regulation. Key priorities include:

1️⃣Consumer Protection
New measures to combat fraud, enforce transparency, and shield investors from market risks.

2️⃣ *Financial Stability
Proposed oversight frameworks to prevent systemic risks from crypto markets.

3️⃣ Global Leadership
Plans to collaborate with international partners on standards and innovation.
The Biden administration has unveiled its comprehensive **Digital Asset Report**, outlining a unified strategy for cryptocurrency regulation. Key priorities include:

1️⃣ **Consumer Protection**
New measures to combat fraud, enforce transparency, and shield investors from market risks.

2️⃣ **Financial Stability**
Proposed oversight frameworks to prevent systemic risks from crypto markets.

3️⃣ **Global Leadership**
Plans to collaborate with international partners
#WhiteHouseDigitalAssetReport