“Only Congress can ensure that regulation in this area is future-proofed through comprehensive market structure legislation,” he said.
The pending SEC moves would follow a spate of guidance from both the SEC and CFTC that has clarified how U.S. crypto efforts can proceed without running afoul of the regulators, whether it’s mining, memecoins, rewards or several other categories. The most important of these regulatory statements emerging from the agencies was the “taxonomy” that sought to carefully define how the regulators would categorize different digital assets, and how those assets would be supervised.
Fed & Co.
Meanwhile, the banking regulators have been rapidly granting charters to crypto firms, and the Federal Reserve has been working on a tailored access to its payments rails and other services to cut out the banking go-betweens the digital assets players have relied on to serve customers. The new bank charters will have some…
