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U.S. Government Advances Crypto Regulation with PWG Report
U.S. Government Advances Crypto Regulation with PWG Report
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BTCCSquare news:
The President’s Working Group (PWG) has unveiled a pivotal report on digital asset regulation, signaling a concerted push to integrate cryptocurrencies into the mainstream financial system. Released under Executive Order 14178, the framework calls for Congressional action to classify tokens and clarify jurisdictional boundaries between the CFTC and SEC.
Key proposals include the adoption of the CLARITY Act and stringent reporting requirements for market intermediaries. The report also prioritizes banking access for crypto firms, advocating transparent guidelines for charter approvals and Federal Reserve oversight. This marks a decisive step toward institutionalizing digital assets within U.S. financial infrastructure.
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