Kristin Smith Chief Executive Officer at Blockchain Association | Official website
The Blockchain Association, representing over 100 companies, investors, and firms in the digital asset sector, has unveiled a set of principles aimed at guiding the development of digital asset market structure policy. This initiative marks a consensus within the industry on key components for effective cryptocurrency regulation in the United States.
“These principles represent a signal moment for the digital asset industry, bringing together the collective expertise of America’s leading crypto and blockchain companies,” stated Kristin Smith, CEO of Blockchain Association. She added that after extensive discussions with members, they are now ready to present Congress and regulators with actionable guidelines that embody broad industry agreement on creating a competitive U.S. digital asset market while ensuring consumer protection.
Sarah Milby, Head of Policy at Blockchain Association, emphasized that these principles are designed to position the United States as a leader in digital asset innovation while maintaining strong consumer protections and market stability. The framework specifically addresses important issues such as non-custodial software and services treatment, staking activities, and clear regulatory transitions.
The outlined framework includes twelve core principles covering areas such as consumer protection and market integrity, innovation and competitiveness for U.S. businesses, clear token classification standards, protection of open-source software development, rights to self-custody of digital assets, and a fit-for-purpose approach to regulation.
For more information about these principles or to access their complete overview, interested parties can visit the Blockchain Association's website.
The Blockchain Association serves as the unified voice for the cryptocurrency industry. Its members include prominent investors, companies, and projects working collaboratively towards a forward-thinking national policy and regulatory framework for the crypto economy.