The Path Toward a Market Structure for Crypto Assets
Over the past few months, U.S. market regulators have taken significant steps toward crafting a regulatory framework for crypto assets, with the objective of defining a market structure where digital assets can be an integral part of the financial markets. These moves have been in response to the Trump administration’s embrace of crypto assets and the clear directive early in the administration to make the United States the crypto capital of the world. The Securities and Exchange Commission and Commodity Futures Trading Commission have prioritized this goal, with both agencies overhauling their approach to crypto regulation—by deemphasizing enforcement and instead looking to find regulatory solutions to allow crypto assets to be…
