Новое регулирование крипторынка США: законопроект о введении рынка цифровых активов

cryptonews.ruОпубліковано о 2025-04-10Востаннє оновлено о 2025-11-11

Комитет Сената США выпустил черновик законопроекта (проект для обсуждения), который станет первой попыткой привести к определению режима для криптовалютного рынка.

Кто стоит за инициативой

Законопроект разработан на двусторонней основе:

  • Республиканец Джон Бузман (председатель комитета по сельскому хозяйству)

  • Демократ Кори Букер — оба участвуют в продвижении инициатив.
    Законопроект всё ещё содержит участки текста в скобках (скобках) — это значит, что его положения в состоянии могут быть изменены

Что предлагает

Некоторые ключевые положения:

  • Делегирование регулирования спотовой торговли цифровыми товарами (цифровыми товарами) агентству Комиссии по торговле товарными фьючерсами (CFTC). Бузман: «CFTC — правильное агентство для регулирования спотового рынка».

  • Определение ключевых понятий: «блокчейн», «децентрализованные финансы (DeFi)», «децентрализованные автономные организации (DAO)».

  • Уточнение ответственных организаций: комиссии по ценным бумагам и биржам (SEC) и CFTC, причём только Конгресс может изменить регулирование границ.

Почему это важно

  • Индустрия криптовалют давно жалуется на неопределенность регулятора в США — закон дает правила игры.

  • Если законопроект будет принят, это может «открыть дверь» к массовому институциональному принятию и инвестициям в криптоактивы.

  • Разграничение функций SEC и CFTC может предотвратить перекрытие и повысить эффективность контроля.

Проблемы и спорные моменты

  • Часть текста демократов называют «передвременным»: они считают, что некоторые полномочия действуют за рамками.

  • Есть опасения, что переход регулирования к CFTC (у которого традиционно меньше ресурсов и опыта в секьюритизованных активах) может ослабить защиту.

  • В тексте много «скобок» (скобки) — значит, детали ещё не окончательно согласованы.

  • Законопроект также должен пройти через обсуждение в других комитетах (например, Банковском комитете Сената), затем — голосование в Сенате и Палате представителей.

  • Внимательно следите за изменениями текста, особенно за тем, как будут определяться активы, права, а также кто и как будет их регулировать.

Представленный черновик — ключевой этап на пути к формированию регулирования криптовалюты в США. При удачном рассмотрении налоговая индустрия может получить долгожданную правильную модель , но пока все остается на стадии и доработке.

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