Welcome to the new crypto blog today in this post we are going to discuss the regulatory framework of crypto. The United States Securities and Exchange Commission short form is SEC. Crypto Task Force met with Michael Saylor and you know Saylor is the MicroStrategy Executive Chairman, they met to discuss regulatory strategies for cryptocurrency on 21 February = According to the memo published by the Security and Exchange Commission:
The topic of discussion was resolving issues related to the regulation of crypto assets.
Virtual Asset Framework, Principles, and Opportunities for the United states
The Micro Strategy Executive Chairman presented an important document that served as the foundation for this meeting. The document's title “Virtual Asset Framework, Principles, and Opportunities for the US Country,” outlines Michael Saylor’s vision for a structured regulatory framework for crypto assets.
The plan is to classify virtual assets into six categories, including digital commodities here the digital commodity is bitcoin and other coins like bitcoin, digital securities linked to debt or equity, and digital currencies backed by fiat money that we know as stablecoins such as USDT, USDC, HBD and there are many more. Michael Saylor stressed that a well-defined taxonomy is very important for fostering innovation in the sector and regulatory clarity.
The Micro Strategy Executive Chairman emphasized the need for legitimacy through a framework of responsibilities and rights for issuers, asset owners or users, and crypto exchanges In addition to taxonomy so here you can see his vision is clear. Saylor suggested minimizing regulatory friction while enforcing accountability and transparency for the digital assets.
Saylor's approach was to streamline transactions, reduce issuance costs, and rather than bureaucratic oversight allow for industry-led disclosures and this is exactly what is required for the regulation. By advocating free-market competition and real-time virtual asset issuance, Saylor suggested that regulatory efficiency could drive cost reduction, access, and market expansion.
Positioning America as the global leader in digital finance
Do you know? Michael Saylor’s vision went beyond incorporation, positioning the US as the global leader in digital finance and cryptocurrency. If this happens then other countries will walk in this path too. Anyway, Saylor argued that Digital currency could strengthen the USD, and not only this but it can expand capital markets, and through a bitcoin reserve strategy it can even balance the national debt.
The document concluded:
By establishing a clear taxonomy, a legitimate rights-based framework, and practical compliance obligations, the United States can lead the global digital economy. The renaissance of capital markets supported by digital assets will unlock trillions of assets, enable millions of businesses, and reinforce the U.S. dollar as the bedrock of the 21st-century digital financial system,”
Good to see that the US is moving towards a better regulatory framework for digital assets and cryptocurrency. Please share your point below in the comment section and also share this post. Have a wonderful day ahead and i will meet you in my next blog. take care.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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