‍#Gate广场四月发帖挑战

New Cryptocurrency Regulatory Framework Submitted to the White House

A new safe haven proposal regarding cryptocurrency regulation in the United States has been submitted to authorities.

The regulation, expected to be enacted, aims to create a clearer legal framework for digital asset projects.

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, stated that the proposal for a "safe haven" regulation that would allow digital asset projects to be launched without initial registration has now been formally submitted to the White House for consideration. Atkins noted that this long-discussed approach was formalized last month and is currently being sent to the Federal Office of Management and Budget.

Contents

1. Safe haven proposal and token classification

2. Aiming for permanent regulation on a legal basis
Paul Atkins, one of the most important financial regulators in the US, is actively involved in the regulation of digital assets. Through these initiatives, Atkins aims to make it easier for blockchain and cryptocurrency ventures to operate, provided they meet certain initial requirements. The regulation, introduced last month and submitted to the Federal Office of Management and Budget, is expected to be published soon.

Atkins had previously spearheaded a "safe haven" mechanism for investment contracts. This aligns with the Securities and Exchange Commission's (SEC) token classification guidance published in March, which provided a clear framework for determining when digital assets are considered securities. This guidance was a turning point for the crypto sector.

While the US Congress is also working to establish a general framework for crypto regulations, progress is sometimes hampered by various political and institutional obstacles. Disagreements persist between industry representatives and financial institutions regarding the scope and content of the regulations.
Aiming for Permanent Regulation on a Legal Basis

In a statement on the matter, Paul Atkins emphasized the need for regulatory bodies in the securities market to be supported not only by regulations but also by law. According to Atkins, the aim is for rules created through legislation to be permanent and unaffected by changes in leadership.

Atkins stated that as a regulatory authority, they have the capacity to undertake such initiatives, but that ensuring the long-term permanence of the decisions made within the system is crucial. The regulation in question aims for market stability and legal security.
The Commission is also working on a system that would provide exemptions for innovative initiatives in the blockchain and digital assets sectors. This step aims to create a "regulatory sandbox" that would allow for the controlled implementation of financial innovations. However, debates continue regarding the suitability of this method for investor protection.

Citadel Securities argues that potential exemptions could jeopardize investor protection and that traditional consultation processes should be followed.

Atkins stated that parameters for this innovative exemption system will soon be shared with the public as part of the ongoing work. He reportedly believes that significant progress will be made in this area.
‍$DEEPLINK $BABYDOGE $HDRO