American well -known crypto lawyer John Deaton shared a five -item list of suggestions, including arrangements to support innovation in the crypto industry, increase user security and provide market stability. Deaton said that the upcoming arrangements could contribute to the development of the sector and strengthen the role of the United States on a global scale.
Crypto Law Suggestions
Suggestions include stability, as well as international money transfers and a special legal regulation on stablecoins that can increase the demand of US Treasury bonds. This application aims to reduce the delay and cost in money transfers.
Deaton argues that the US Congress should clarify which tokens will be considered as commodities. Thus, the distribution of duties of the authorized regulatory institutions will be evident and the market will be able to move away from the uncertainty.
Crypto Regulation
In crypto exchanges, it is also among the suggestions that transparency and full reserves to keep customer funds with company funds. This rule is intended to prevent risky practices and to observe funds on blockchain.
John Deaton: “The introduction of clear rules in crypto arrangements will support innovation and increase user security.”
In addition, there are requests to ease the tax burden on the abolition of the capital gain tax applied on small -scale crypto transactions and to allow federal taxes to be paid by crypto currency. Deaton states that such steps will make the sector more flexible.
On the other hand, the proposal to review or remove the accredited investor rule, which has a restrictive impact on early investment opportunities. It is foreseen that the old structure of this rule may lead to many investors to be out of market. Deaton says the issue should be intervened before the 2026 midterm elections.
Among the regulations on the agenda, the effects of law designs already discussed. For example, the GENIUS law and similar recommendations on Stablecoin regulations are evaluated to regulate the authority sharing of the Federal Reserve and the state organs.
While the disagreements of opinion in the past are experienced among US regulatory institutions, the tendency of SEC and CFTC to work in harmony is among the positive steps to reduce the uncertainty in the sector. These developments can pave the way for clearer and more comprehensive arrangements in the crypto market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
