US gov’t actions give clue about upcoming crypto regulation
Dropped investigations, halted cases and new rules from the Trump administration show how future crypto regulation could be shaping up.
The early days of the Trump administration saw a flurry of activity that could give the crypto industry an idea of forthcoming crypto regulations, namely that they may not be regulated as securities.
Practitioners have decried a lack of concrete change in the form of new rules and guidance. The skeptics have their reasons. The formation of the crypto task force, President Donald Trump’s crypto executive order, crypto czar David Sacks’ lone press conference and the digital asset reserve have been criticized as mere theater.
The real work of regulating comes not in press conferences but in the guidance, enforcement and rulemaking that support the structure of rules-based systems.
