Odaily Planet Daily News: Against the backdrop of optimism about the legislative/regulatory progress of a pro-cryptocurrency Congress and a reorganized U.S. SEC, the Blockchain Association has unveiled its "consensus position" on digital market structure policy. The advocacy group developed 12 recommendations with the help of its more than 100 member companies. One recommendation calls for a regulatory framework that positions the United States as a "preferred center" for investment and technological advancement, and another seeks to protect the right to self-custody digital assets using non-custodial wallets.
It said: "We believe that effective crypto policy requires innovation and respect for user security. Our first principles are competition and consumer protection: promoting the growth of American business while ensuring strong market safeguards and standardized disclosures.
Smart, applicable regulation must be precise. Our scope and infrastructure principles emphasize attention to financial activities while protecting basic blockchain technology. Innovation requires protection for builders and users. Our principles support both open source developers and network participants-ensuring liability protection for code creators and contributors while maintaining broad participation in permissionless networks.
Digital assets are a global technology. Our principles apply to both international markets and decentralized applications-reducing cross-border friction while establishing an appropriate framework for non-custodial software.
Clear rules promote growth. Our token classification and custody principles establish a framework for different asset types while protecting personal self-custody rights and institutional custody solutions.
Finally, implementation is important. Our principles on pledge and regulatory transition provide a path for existing and emerging business models while supporting network security and ensuring orderly market development."