US Crypto Regulation: Blockdaemon Forecasts Clarity by 2025
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- The Blockdaemon report predicts significant progress in the US crypto regulation in 2025.
- The report highlights two major bills in the legislative process- SAB121 and FIT21.
- FIT21, passed in May 2024, is expected to be passed by the Senate and will repeal SAB21
Blockdaemon forecasts there will be significant progress in the US crypto regulatory environment by 2025. Sam Kim, Head of Legal & Compliance at Blockdaemon, has also predicted Senate passage of the FIT21 bill, with bipartisan support and eventual signing by the incoming president.
Blockdaemon’s report highlighted two regulatory policies in the legislative process, including the Staff Accounting Bulletin No. 121 (SAB 121) and the 21st Century Financial Innovation and Technology Act (FIT21). The FIT21 Act, passed by the House in May 2024, awaits further action, while efforts are focused on repealing SAB 121. The FIT21 Act establishes clear guidelines for digital asset regulation, including SEC and CFTC jurisdiction, asset classification, and custody rules for financial institutions.
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The post US Crypto Regulation: Blockdaemon Forecasts Clarity by 2025 appeared first on Coin Edition.
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