US Propose Dual SEC-CFTC Crypto Regulation Framework
US Working Group on Digital Assets release one detailed crypto regulation report wey outline one dual oversight model between SEC and CFTC. Commodity tokens plus spot markets go dey under CFTC supervision, while security tokens go dey regulated by SEC. The framework aim to clear market structure and make investor protection strong. The report also recommend say banking system make dem allow licensed banks to custody cryptocurrencies plus simplify charting. For stablecoins, e emphasize their role for maintain US dollar dominance and propose tools for on-chain freezes when bad matter come. Lawmakers dey urged to accept stablecoin frameworks but reject US CBDC under the CBDC Anti-Surveillance State Act. Plus, the report call for crypto tax wey fit the matter, with separate rules for staking and digital asset gains. If dem implement these, e fit reduce regulatory uncertainty, attract institutional capital, and boost innovation for US digital asset market.
Bullish
Di proposed crypto regulation framework good because e clear di watchdog roles of SEC and CFTC, e reduce legal wahala for traders and institutions. Banking reforms and clear stablecoin guidelines dey support liquidity and on-chain compliance, while tax rules wey dem design well dey encourage staking and long-term investment. Together, these measures fit attract institutional capital, promote innovation, and improve market stability for short and long term.