The United States is strengthening its regulatory efforts to become a global leader in cryptocurrency and blockchain technology.
These efforts align with Donald Trump's vision to make the United States the center of the cryptocurrency sector.
SEC Revises Digital Asset Regulations through Cryptocurrency Tour
On August 1st, the U.S. Securities and Exchange Commission (SEC) announced plans to host a series of roundtables nationwide to communicate with the cryptocurrency industry.
These roundtables provide an opportunity for small cryptocurrency companies with fewer than 10 employees and less than 2 years of operation to interact with the SEC's cryptocurrency task force.
The SEC previously held five roundtable discussions in Washington D.C., receiving hundreds of written submissions from industry participants.
Based on the success of these sessions, SEC Commissioner Hester Peirce emphasized the importance of planned communication, highlighting the need to engage with stakeholders who had not previously participated.
"We want to hear from those who could not attend the roundtable in Washington D.C. last spring. They may not have had a voice in past policy-making processes. The cryptocurrency task force knows that any regulatory framework will have far-reaching implications, and we want our communication to be as comprehensive as possible." โ Commissioner Peirce said.
The roundtable series will run from August to December, starting in Berkeley, California, and concluding in Ann Arbor, Michigan.
This initiative aims to gather broad perspectives on the evolving regulatory space to shape policies that will impact the industry in the coming years.
CFTC Strengthens Pro-Cryptocurrency Regulations
Along with the SEC's efforts, the Commodity Futures Trading Commission (CFTC) has also initiated important steps to strengthen digital asset regulation.
The CFTC announced that it is pursuing recommendations from the Presidential Working Group on Digital Assets, supporting a clear regulatory framework for blockchain technology and digital assets.
CFTC Acting Chair Caroline Pham expressed that these measures align with President Trump's goal of positioning the United States as a leader in the global cryptocurrency market.
Specifically, the agency has hosted its first cryptocurrency CEO forum, withdrawn outdated guidelines, and introduced a new regulatory framework to provide clarity to cryptocurrency market participants.
Additionally, the CFTC is exploring the possibility of a digital asset market pilot program and is engaging in tokenization projects to ensure U.S. regulations can evolve alongside the industry.
The CFTC's new initiatives and its "Project Crypto" collaboration with the SEC indicate a more structured regulatory approach likely to influence the future growth of the U.S. digital asset market.
