• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, October 15, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

US Crypto Advocates Push for National Regulatory Guidelines to Safeguard Consumers and Boost Innovation

8 August 2024
in News, Regulation
Reading Time: 3 mins read
102 6
US Crypto Advocates Push for National Regulatory Guidelines to Safeguard Consumers and Boost Innovation

source: 3commas.io

A coalition of cryptocurrency advocates is urging the US administration to implement a comprehensive regulatory framework for digital assets, citing benefits for economic stability and national security.

According to a post by Chen Arad, the Crypto Market Integrity Coalition (CMIC) sent a letter to President Joe Biden and Vice President Kamala Harris on August 7 emphasizing the importance of clear regulatory guidelines to enhance consumer protection and uphold the US’s global technology leadership. 

The letter argued that a well-defined framework would bolster the US dollar and technological progress. The CMIC highlighted the increasing prevalence of digital currency payments, with 90% of merchants expecting widespread adoption. The coalition also noted that other major economies, including the EU, UK, Japan, Singapore, UAE, and Hong Kong, are already developing or have implemented clear legal frameworks for digital assets.

“The United States remains the only major economy without a federal regulatory framework for payments and digital assets,”

the letter stated.

Though the current administration nearing the end of its term, the coalition criticized the US for its inconsistent regulatory approach to the sector. The coalition argued that it has hindered domestic innovation and left consumers vulnerable to fraud. They claimed that basic consumer protections could have mitigated many financial losses in recent years. 

Additionally, the letter pointed out that the US’s heavy-handed enforcement tactics have inadvertently encouraged market manipulation, particularly within the unregulated offshore crypto market. Notably, the letter referenced President Biden’s 2022 Executive Order on digital assets which proposed measures for consumer protection and financial stability and explore the potential of a US central bank digital currency (CBDC).

The coalition urged the administration to adopt a proactive approach to setting clear regulatory standards rather than relying exclusively on enforcement measures to cultivate a “compliance mindset” among digital asset users, including those operating outside the US.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”

Tags: BidenCMICCryptoHarrisUS
Share63Tweet39Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

U.S. Indicts Prince Group Founder Over Multi-Billion Dollar Crypto Scam and Human Trafficking Ring
Crime

U.S. Indicts Prince Group Founder Over Multi-Billion Dollar Crypto Scam and Human Trafficking Ring

15 October 2025
Stablecoin Surge Signals Renewed Crypto Market Momentum
News

Stablecoin Surge Signals Renewed Crypto Market Momentum

15 October 2025
OKX blocks funds tied to Cambodia’s Huione Group after U.S. designates it a major crypto-linked money laundering network.
Crime

OKX Blocks Funds Linked to Huione Group Following U.S. Money Laundering Designation

15 October 2025
New York City Establishes First-Ever Municipal Office for Digital Assets and Blockchain
Blockchain

New York City Establishes First-Ever Municipal Office for Digital Assets and Blockchain

15 October 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto in Latin America: Adoption Booms as Media Visibility Falls

1 day ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

5 days ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

2 weeks ago

What $1 Billion in Liquidations Means for Market Stability

2 weeks ago

Why Crypto’s Cross-Chain Future Depends on Regulatory Readiness

2 weeks ago

MicroStrategy’s Debt-Fueled Bitcoin Buys: Smart Treasury Move or Dangerous Precedent?

2 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    xMoney Launches $XMN on Sui, Expands Listings Across Global Exchanges

    bychainwire
    15 October 2025
    0

    ZETA NETWORK GROUP (NASDAQ: ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

    bychainwire
    15 October 2025
    0

    On-Chain Cultural Assets: Decoding City Protocol’s IP Capital Market

    bychainwire
    14 October 2025
    0

    Tria raises $12M to be the leading self-custodial neobank and payments infrastructure for humans and AI.

    bychainwire
    14 October 2025
    0

    AriyaX Capital Launches AXPT: A Regulated Aviation-Backed Token Bringing Real-World Asset Yield to Blockchain

    AriyaX Capital Launches AXPT: A Regulated Aviation-Backed Token Bringing Real-World Asset Yield to Blockchain

    byGuest Author
    13 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Market Analysis
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00