Blockchain Association crafts ‘consensus position’ on market structure policy
The 12 points are nothing new, but they may be helpful to lawmakers and regulators needing a refresher on priorities
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe .
Blockchain Association published its “consensus position” on digital market structure policies amid optimism of legislative/regulatory progress from a pro-crypto Congress and revamped SEC.
Newsletter
Subscribe to Forward Guidance Newsletter
The advocacy group crafted these with help from its 100-plus member companies.
The 12 points are not exactly groundbreaking; we’ve heard most or all of them before. But I could see it being helpful to lawmakers and regulators needing a refresher on priorities.
One bullet calls for a regulatory framework that positions the US as the “preferred hub” for investment and technological advancement. Another seeks to safeguard the right to self-custody digital assets using non-custodial wallets.
Further down: “Policies should be carefully designed to avoid favoring specific solutions and focus on regulating specific activities rather than foundational infrastructure.”
Then there’s one stressing that developers of open-source software should be protected from liability when the software’s used by separate, bad actors. Does that remind anyone else of the Tornado Cash saga ?
Another point with a clear link to the past is making sure there’re clear classifications for tokens — “delineating securities, commodities, and other asset types with precision.”
You might remember Gary Gensler not giving a straight answer to whether ETH is a commodity or a security. Or the SEC lawsuits against Coinbase and Binance for alleged securities violations . The agency earlier this month moved ahead with an appeal in its case against Ripple … and the list goes on.
The new SEC crypto task force appears to be a step toward change, but what Congress-crafted crypto legislation ends up looking like will be key. The bottom line: lawmakers might want to give these principles a read.
- Blockchain Association
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arizona Senate Approves Bitcoin Reserve Bill: A Leap Towards Crypto Dominance in the U.S?
Trailblazing or Isolated Incident? Evaluating Arizona's Groundbreaking Bitcoin Reserve Bill and Its Potential Ripple Effect Across U.S. States
DeepSeek’s Debut Stirs Crypto Market, BTC ETFs Drop by $457M – Insights Revealed
DeepSeek's Entry Culminates in $534M Crypto Outflows, Shaking BTC and Ethereum ETFs While XRP Shows Resilience
Ethereum’s Active Users Soar 37%: Are Institutions and DeFi Driving Growth?
Unpacking the Factors Behind Ethereum's Rise: Examining the Role of DeFi and Institutional Investment