CandleFocus

US Crypto Regulation: Blockdaemon Forecasts Clarity by 2025

Blockdaemon, a blockchain infrastructure provider, predicts that the US crypto regulatory environment will see significant progress by 2025. The company's report focuses on two regulatory policies, the Staff Accounting Bulletin No. 121 (SAB 121) and the 21st Century Financial Innovation and Technology Act (FIT21). The FIT21 Act, which establishes clear guidelines for digital asset regulation, is expected to be passed by the Senate with bipartisan support and signed by the incoming president. The report also highlights ongoing efforts to repeal the SAB 121 and the obstacles in achieving congressional agreement on a regulatory strategy for digital assets. Overall, the report suggests that regardless of the outcome of the US presidential election, there will be greater regulatory clarity for digital assets in the coming years.

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