The US war on the cript is not over

After the appointment of American CRIPTO CCAR and announcements of comprehensive crupt legislation, many believe in the era of “regulation” in the United States. But although SEC and CFTC now had a crypto-economic chairman, both state regulators and lawyers are ready to take their place aggressive crypto executive.

For years, SEC aggressive “regulation of application” has applied to many to invite a comprehensive regulatory framework that would forever forever and for all. For this reason, many in industry gathered to lend their support for candidates pro-cry.

That strategy rubbed the fruit. Donald Trump was chosen for the first president who supported his support for the crypto industry, despite a bit of an antagonistic attitude towards Kruptou during his previous term. Since attending function, Trump appointed David bags as the first “CRIPTO Czar” of the nation, “he founded the presidential working group in the markets of the CFTC provisional SEC and CFTC chairs that have already expressed its support for crypto.

But those federal changes will not end the aggressive actions of the execution of state regulators facing public pressure to take measures to rule in cryptou. Many in the industry have already faced aggressive implementation of regulators such as the New York Financial Services Department (NIDFS), which recently received a A settlement in $ 37 million from the lending platform crypto. Regulators like NIDF were aggressive even when SEC dealt with aggressive tactics against the CRIPT, so when SEC scales its efforts, you can expect them to fill them with blanks.

Other states are followed by New York’s leadership. At the end of 2023., California has passed the Law on Digital Financial Mistribution, which authorized its Department of Financial Protection and Innovation for License and regulate digital property. And the legislation of Illinois recently began considering a new account called the Consumer Property, which would strengthen the state to regulate any company that was engaged in “digital business activities” with a resident of Ilinois.

State Lawyers General

It is possible that the new federal legislation could limit the ability of state regulators to bring their own protective things. 4. February, the Commission for Houses and Senate Commission expressed confidence in the adoption of comprehensive legislation that will create a regulatory framework for crypto in the next 100 days. Since the Federal Law crosses state law, new legislation could be entered into a state regulatory activity.

But even if state regulators are responsible for new legislation, that legislation would not limit state lawyers’ ability to submit lawsuits that state cheats with crypto-related companies. State AGS has previously adopted those lawsuits when the “regulation” of the “Cruscade was in full swinging. Later, the platform was settled by the platform for $ 22 million and agreed not to operate with New Yorkers who progress.

To be sure, the national regulatory framework and that Pro-Cripto regulators in Washington will provide greater security and predictability for the crypto industry. But anyone believes that “regulation of execution” is eventually naive. You can still expect aggressive lawsuits and regulator activities in the years to come. The place of maintenance can be moved from SEC to state, but the impact on the crypto company and their customers will remain.