The U.S. government accelerates digital asset legislation! CFTC Acting Director: Striving to make the United States the world leader in encryption.

robot
Abstract generation in progress

The U.S. government emphasized the acceleration of digital asset legislation, clear regulation, and tax guidelines at the KBW 2025 summit, consolidating policy foundations through multi-department collaboration, aiming for the crypto industry to develop deeply in the U.S. (Background: Are Americans happy? Trump raised the H-1B visa fee "big pump to 100,000 bucks", community analysis: India will become another Silicon Valley) (Additional background: The U.S. Congress will hold a meeting to promote the "Bitcoin Bill", with the Republican Party and the crypto industry pushing to buy 1 million BTC over 5 years) At the KBW 2025 summit held in South Korea, Harry Jung, Deputy Director of the U.S. President's Digital Asset Advisory Committee, and Patrick Witt, Executive Director, publicly shared the latest developments in U.S. digital asset policy. The two pointed out that the committee's core goals include accelerating the passage of the "Digital Asset Act", establishing a strategic Bitcoin (Bitcoin) reserve, providing clear crypto tax guidelines through the IRS and the Department of Treasury, and protecting the rights of technology developers. Source: ForsightNews Jung and Witt emphasized that the White House is promoting crypto policy through a "whole-of-government" collaborative model, integrating the strengths of multiple departments, including the Commodity Futures Trading Commission (CFTC), the Department of Commerce, and the Department of Treasury. They admitted that the current legislative and regulatory framework is "laying a solid foundation" to ensure that future governments find it difficult to overturn existing policy directions in light of the risks of policy reversals due to government turnover. The two believe that as long as the crypto industry can develop deeply in the U.S., the U.S. crypto strategy will become irreversible. CFTC: The U.S. aims to become the global capital of cryptocurrencies Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), also stated at the summit that the CFTC is actively promoting the presidential crypto agenda, aiming to make the U.S. the global capital of cryptocurrencies, and welcomes top global talent to develop in the U.S. She pointed out that the CFTC has a responsibility to promote responsible innovation and fair competition and reiterated that "digital assets and cryptocurrencies must be included in regulation." Pham added that the CFTC and the Securities and Exchange Commission (SEC) are incorporating digital assets into the compliance framework of futures and securities exchanges, maintaining a century-old tradition of market safety and capital liquidity, and protecting investor rights. She emphasized: "We have been repeating this slogan: digital assets and cryptocurrencies need to be included in the regulatory scope." The U.S. government is vigorously demonstrating to the outside world that it adopts a multi-department collaborative approach, advancing legislation and regulation simultaneously to establish a solid policy foundation for the crypto industry, aiming to attract global capital and talent, and to maintain the U.S.'s leading position in the field of digital assets. Related Reports Cryptocurrency Migration: Why the U.S. Holds an Advantage in Global Infrastructure Competition Arthur Hayes: Trump and Bessent are about to take control of the Fed, ushering in a new "money printing era" pushing BTC to look at 3.4 million dollars. <Washington Accelerates Digital Asset Legislation! CFTC Acting Director: Striving to Make the U.S. the World Crypto Leader> This article was first published in BlockTempo's "Dynamic Area - The Most Influential Blockchain News Media."

BTC-0.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)