The White House recently held a dinner for the industry.
Leaders from government agencies SEC and CFTC, as well as the largest digital asset companies, including Coinbase, Kraken, Chainlink, Ripple, Robinhood, Gemini, and others were present.
The event was specifically held to showcase that the U.S. is going after clearer rules for digital assets, as done with stablecoins last year, regardless of the Clarity Act passing in September.
Key narratives included keeping jobs in the U.S., as well as ensuring that payments and tokenization innovation is not being sacrificed.
Recently, the Treasury released its Section Genius Act proposals.
SEC Publishes Rules
Leading up to this, the SEC published new rules for digital assets.
As somewhat of a surprise to those opposed against the Clarity Act, the SEC presented its case for cementing a regime for companies, investors, and professionals in the industry.
Named Regulation Crypto Assets, the SEC is clarifying how to raise capital for digital asset companies.
This includes giving certain safe harbor exemptions and amendments to firms when using investment contract clauses under the 1933 Securities Act.
It splits offerings into 2 camps: those under $5M and under $75M. Most importantly, it shows the path forward for crypto assets not being labelled as securities.
Throughout, disclosures for teams and processes will play a core part in the new regulations.
