In the first year of the Trump administration, U.S. crypto policy shifted towards integrating cryptocurrencies into the existing financial regulatory framework. The SEC moved away from its previous enforcement-focused approach to establish clear rules. The CFTC recognized Bitcoin and Ethereum as commodities, allowing them to be used as collateral for derivatives. The OCC included crypto firms in the federal banking system, issuing national trust licenses to companies like Circle and Ripple. Additionally, Congress passed stablecoin legislation mandating 100% reserves and granting legal recognition. Despite ongoing inter-agency differences, the U.S. has made significant progress in regulatory clarity, compliance integration, and infrastructure development, systematically incorporating the crypto industry into the traditional financial system.
U.S. Crypto Policy Shifts Under Trump Administration
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