The digital asset industry stands when it is important and full of hope.
After a long -standing approach to regulations and laws, we reached the moment when the clarity was urgently achieved. Blockchain Association’s consensus -led market structure principles represent the perspective of major companies in the industry and provide a progressive framework. The principles of the market structure born of this collaborative work reflect the mature industry, enacting meaningful laws, and the focus needed to achieve wise regulations.
The principle is working on 12 important areas. At the center is the recognition that consumer protection and innovation are complementary, not the priority. We will make companies innovate without excessive burden in search of standardized disclosure and robust protection means. This balanced approach leads to custody rights. It advocates to protect individual rights that independent assets while establishing a clear framework of custody solutions in the facility.
An important factor in our framework is the distinction between financial activities and other various applications of blockchain technology. Wise regulations need to focus on true financial risks without suppressing innovation in the non -financial use of this technology. This extends to non -resistant software, services, and smart contract processing. This should not face the same regulation requirements as the conventional financial broker if you do not detain your assets.
This principle also supports tokens, one of the most imminent issues in the industry. You need a clear framework to distinguish securities, products, and other digital assets. This clarity is essential for compliance and growth as the market mature and new types of tokens appear.
Our framework emphasizes and strengthens our competitiveness while recognizing the global properties of digital assets. We guarantee that US markets will remain attractive to investment and innovation, while proposing to reduce the friction of transactions across borders. This includes the establishment of a single secondary trade market to enhance the discovery of fluidity and price.
Developer protection forms another important pillar in the principle of the blockchain association. Open source software developers should not be responsible if independent stakeholders misuse code. This protection is indispensable for maintaining innovation to move the industry. Similarly, we emphasize the importance of participating in the network -protects the ability to engage in activities such as stating, voting, and peer -to -pia transactions in the authorized network.
This consensus, which we have achieved on these principles, indicates that parliament and regulatory authorities are ready for the industry and are ready. We are not looking for special treatment or regulation sculptures. Instead, we propose clear rules for roads that protect consumers, promote innovation, and ensure US competitiveness in the rapid evolving global market.
However, the window of this opportunity is not open indefinitely. Market development, election cycles, and global competitions create urgency for action. The industry demonstrates that it is ready to build with policy proppons. We were able to find a common basis for complex issues and show that we are working on responsible innovation.
These principles have been ready for serious policy discussions for parliamentary allies, regulators of Washington DC, and those who are newly involved in these issues. For the industry participants, they represent a liable market structure sharing vision. For everyone involved, they provide a way to move forward at an important moment for the future of US digital assets.
The work of enacting smart regulations and passing through legislation is still ahead. However, we have an unprecedented opportunity to make it correct due to the clear principle, the integrity of the industry and the growing sophistication of both policies. We have a valuable several months to accomplish this, don’t let this moment.
