Crypto Roadmap Presented To Trump And Congress By Blockchain Association For Initial 100 Days

The Blockchain Association presented a crypto roadmap to President Trump and Congress, outlining key priorities for the initial 100 days. This roadmap focuses on promoting innovation, enhancing consumer protection, and clarifying regulatory frameworks.

Key Priorities:

- _Promoting Innovation_: Encouraging the development and adoption of blockchain technology, and supporting research initiatives to explore its potential applications.
- _Enhancing Consumer Protection_: Implementing robust consumer protection measures, such as anti-money laundering (AML) and know-your-customer (KYC) regulations, to prevent illicit activities and protect users' assets.
- _Clarifying Regulatory Frameworks_: Providing clear guidelines and regulations for the cryptocurrency industry, ensuring that innovators and businesses understand their obligations and can operate within a well-defined framework.

Regulatory Recommendations:

- Establishing a clear definition of a security token and a utility token
- Providing guidance on initial coin offerings (ICOs) and security token offerings (STOs)
- Clarifying the application of AML and KYC regulations to cryptocurrency businesses
- Establishing a national framework for cryptocurrency regulation, rather than a patchwork of state-by-state regulations

By addressing these priorities and implementing a clear regulatory framework, the Blockchain Association aims to foster a supportive environment for innovation and growth in the cryptocurrency industry.

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