🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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The Blockchain Association has released the "digital asset Market Structure Principles," including 12 suggestions such as ensuring self-custody rights.
Odaily Planet Daily News: Against the backdrop of optimism about the legislative/regulatory progress of the US SEC after the reshuffle of the Congress that supports Crypto Assets, the Blockchain Association has announced its 'Consensus position' on digital market structure policies. The advocacy organization has formulated 12 suggestions with the assistance of its 100+ member companies. One of the suggestions calls for the establishment of a regulatory framework to position the US as the 'preferred center' for investment and technological advancement, while another seeks to protect the rights of using non-custodial Wallets to self-custody digital assets. It states, "We believe that effective encryption policies require innovation and respect for user security. Our primary principles are competition and consumer protection: promoting U.S. business growth while ensuring strong market safeguards and standardized disclosures." Smart, applicable regulation must be precise. Our scope and infrastructure principles emphasize attention to financial activities while protecting the underlying Block chain technology. Innovation requires protection for both builders and users. Our principles support open-source developers and network participants, ensuring responsibility protection for code creators and contributors while maintaining broad participation in permissionless networks. Digital asset is a global technology. Our principles apply to both international markets and decentralized applications - reducing cross-border friction while establishing appropriate frameworks for non-custodial software. Clear rules promote growth. Our token classification and custody principles establish a framework for different asset types while protecting individuals' self-custody rights and institutional custody solutions. Finally, implementation is very important. Our principles regarding the transition of staking and supervision provide a path for existing and emerging business models, while supporting network security and ensuring orderly market development.