"Seeking Innovation Support through Clear Rule Establishment" Strengthening Regulatory Cooperation on Staking and Token Classification Presenting Various Detailed Regulations Related to Cryptocurrency
Source=Block Street Reporter Jung Ha-yeon
The White House released a 160-page roadmap report on cryptocurrency regulation on the 31st. The roadmap report was prepared with participation from major agencies such as the U.S. Treasury, SEC, and CFTC, focusing on establishing clear rules and supporting innovation.
The White House announced through this roadmap report that it will shift from sporadic responses to coordinated policies. The plan is to strengthen inter-agency cooperation by handling key issues such as staking, token classification, stablecoin supervision, and DeFi monitoring under consistent rules.
In particular, detailed regulations were specifically presented, including criteria for token classification as securities or commodities, registration requirements for exchanges and custodial entities, and tax plans for staking and mining activities. Each regulatory agency must also clearly establish platform registration procedures and compliance obligations for custodial service providers.
These regulatory details were prepared based on the 2022 cryptocurrency executive order, with the overall policy direction prioritizing market stability and anti-money laundering (AML). Especially to manage the impact of stablecoin and DeFi on the existing financial system, the Department of Justice plans to strengthen crackdowns on ransomware and sanction evasion activities.
Along with regulatory strengthening, the government also emphasized its commitment to supporting innovation. The administration stated it will expand opportunities for the private sector to improve financial infrastructure using blockchain. Central Bank Digital Currency (CBDC) introduction is still under review, with the focus expected to be on ensuring safety rather than suppressing cryptocurrency.
However, plans for federal cryptocurrency reserves, including BTC, were excluded from this roadmap. Questions have been raised about the government's long-term strategy due to the absence of funding and management methods.
Some proposals can be implemented immediately, but major bills such as stablecoin legislation and exchange registration reforms require legislative procedures in Congress. The White House emphasized cooperation with the legislature, stating that this roadmap will be a turning point for U.S. cryptocurrency policy.
Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr
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