red 
Movement of the Presidency, also succeeded by the House of Representatives by the Republic Party in American Elections. November has the Security of the American Crypto Industry that regulatory clarity is on the road and that the period of aggressive regulatory implementation will be completed.
This year’s US choice saw the crypton industry play an important role, and the industry deals Massive Riding Financing Campaigns Focused on building support for crypto-and innovation policies in Washington.
Over the past four years, the administration of President Joe Biden took the main crypto-skeptical attitude, which characterized the aggressive prescribing of the Law on Executive Funds, which is the Securities of Securities and Commission Exchange (SEC) Gary Garyler. It is, in combination with the Partisan Grdlop, which prevented the U.S. Congress on Crypto, that many in the Crypto industry concluded that the United States became a hostile environment for Krypton, and that they were in danger of bypassing behind the European Union and Other jurisdictions in terms of enabling the growth of the financial sector through crypto and blockchain innovation.
This perception facilitated the lobbying of efforts for the crypton industry that resulted in cryptor by playing an increasingly important role in the presidential and congressional elections. During the campaign, President Trump appeared at the Bitcoin conference, He promised the shooting of the Chairman GenslerHe called for the establishment of a Strategic Bitcoin Reserveand even made bitcoin payment. Growing Connecting the Kriptone Industry in the campaign also led by Vice President Kamal Harris inspired from the records of the Biden Administration on Crypto and adopt a moderated, more standard attitude.
A comprehensive victory of the Republican Party – The Republicans appeared to conquer the narrow majority of the US Department of the US representatives, with the Presidency and strong majority of the Senate – introduce the path to shift in politics away from the cryptosept’s attitude of Biden years.
For example, President Trump will be able to nominate heads in key agencies – such as SEC, cashier department and currency monitoring – with a senate that took its selections without opposition. This will probably turn politics in the GoT-GO cryptorian direction, and it will probably probably significantly soften the SEC’s position away from its all-out execution in the last four years. New Chair SEC Very Good It may strive to have many to the legal suits agency that targeted on the crypton industry settled or withdrawn.
Another field probably changes the potential is for legislation related to the crypt to pass the congress. To date, Legislation focused on clarification of regulatory rim around Kryptoasca He paused in the middle of a two-year disagreement around whether the role of the DIK Trade Commission or Commodity (CFTC) should be prioritized in the industry supervision. In addition, Legislation that could provide a frame for renting a stem He also failed to progress through Congress due to the differences between Republicans and Democrats.
The control of the house and the Senate would give Republicans free rule for passing industrial legislation – with a stable account that is considered to be a particularly high approach to approaching the approaching approaching the approach to approaching the approaching nearly date.
All in all, winds indicate a political, regulatory and legislative environment that will benefit from the crypton industry. However, as with all things, the path may not be completely simple.
For example, the process of drafting and improving regulatory policy is often messy and left to challenges, and cannot give consistent or current results. Of course, in 2026. years will be a new congressional election, which in the republican most would result in a short if the Democrats managed to win enough spaces.
Another key question is whether their places will be provided, members of the upcoming congress actually see crypto as a meaningful priority or whether the crypto can be lost as the legislative focus, such as immigration.
For now, however, the direction of travel in the US suggests politics and the regulation trend in the direction that favors the crypton industry.
The Monetary Administration of Singapore encourages the tokenization for financial institutions
On the other hand of the world, the Monetary authority of Singapore (MAS) takes into bold steps to promote the adoption of tokenization in the markets of financial services.
Dana 4. November statement Announcing its plans to support the commercialization of asset tokenization.
From 2022. Year, MAS participated in with other private and public sector participants in the research development of the initiative known as Guardian Projectaimed to improve liquidity and efficiency in financial markets through the tokenization of assets. Since then, Mas helped facilitate more than 15 trials tokenize projects using different financial products in six currencies. Pilot projects are viewed on the use of cases such as asset and wealth management, treasury leadership and tokenize links.
The following success of these pilot projects, MAS intends to enable financial institutions to fully lead to entirety. To do this, MAS will work on facilitation of networking and interaction between the financial institutions dealing with the projects of tokenization so that the commercialization of their tokenized products can be coordinated, increasing their likelihood of success. According to MAS, “by connecting a wider range of products and services in multiple currencies and property, the capital collection, secondary trading, asset service and the abolished assets are to deepen. property. ”
As an example, several financial institutions – including CITI, HSBC and standard rental – has established an industrial group known as a wholesale residential network, which will enable members to exchange their commercial use projects. In facilitating the formation of these commercial networks, MAS hope to facilitate the spread of liquidity in tokenized markets – a key prerequisite for current success and growth of tokenization.
In addition, MAS intends to take second steps to enable the commercialization of the tokenization. This includes:
- Production of market infrastructure ecosystems, such as the development of digital layers of the Foundation where commercial projects can be initiated;
- Encouraging the industry frame for the implementation of the designed property, such as creation Fixed earwey income frame and other guides who can assist financial institutions in conducting tokenization for certain cases; and
- Enabling success in a common settlement for tokenized assets known as SGD Testnet, where financial institutions can test the use of a common settlement to execute transactions.
The MAS’s proactive approach to facilitating the growth of tokenization is an indication that regulators and policy makers are increasingly valued by the role that tokenization can play in growth and financial service innovations.
Singapore is not alone in the Asian-Pacific region in the interests of interest in the potential tokens for property. Earlier this year, the Monetary Management of Hong Kong (HKMA) launched an initiative with sands known as Project ensemblefocused on facilitation of projects tokenize financial institutions in a regulated environment.
Japanese crypto self-regulatory organization will establish stems of standards
CRYPTOASSET COUSTSE operates in Japan to establish a framework of regulatory compliance and risk management standards for the issuance of the stem.
25. October, Japan Virtual Currency Exchange Association (JVCEA), self-regulatory organization consisting of licensed virtual currency, issued statement In which he presented the proposed framework for self-regulation of stable arrangements.
According to the statement, the JVCEA will cooperate with the country’s regulator, the Japanese Agency for the Financial Service (JFSA) to design the framework, under which JVCEA will broadcast issuers of stable persons to meet the required standards.
JVCEA was founded in 2018. when Japan brought cryptozarets in the scope of the Law on Payment in the country. The exchange of cryptosket and guards receiving a license to work in Japan from JFS must join JVCEA, which helps install the expectations of regulators across the industry.
The expansion of the Mandate of JVCEA involvement of Stalecin publishers is an important step in the mission of the organization to ensure that stems can be offered to consumers in Japan in a safe and sound manner.
This news from Japan comes at a time when other jurisdictions in the Asia-Pacific region are taking steps to install regulatory frameworks and crippstoasce standards.
Hong Kong, for example, pulled out Regulatory box initiative For stems this year in which publishers can test new Costelecoin arrangements under the supervision of HKMA. In Singapore, MAS is working on implementation Own StableCoin frame. In the midst of these events, observers in the industry viewed in an understanding that jurisdictions will serve as hubs that can facilitate the financial sector innovation by establishing clear and comprehensive regulatory frameworks for stems.
To learn more about stem development in the Apac region, Watch our webinar on topic from earlier in the year.
Italy clarifies the roles of supervisory control roles oversight
The Italian regulator of the Central Bank and securities provided clarity on its roles in the implementation of the European Union market in Kryptoassets (MICA) regulation, as well as a request for sharing a rule data.
29. October, Banca d’Italia – Central Bank in the country – and the Nazionale Commission by La Borsa (Cons) – Italian Securities Market Regulator – Posted a note This defines the role of any organization will play in the implementation of new rules that will enter into force CRYPTOASSET service providers (CAPS) throughout the EU from the end of this year. Clarifications and appropriate roles of each when it comes to supervision over stable arrangements in Italy to implement MICA provisions that have influenced the publishers of stems, that came into effect from 30. June this year.
As per note, Banca d’Italia will have responsibilities involving:
- Bonnite supervision over CAPS, and through the publisher of stabils, known as e-money tokens (EMTS) and coatings for property (art) under Mico;
- ensuring the transparency of the EMT publisher and protection of the owner of the token; and
- Supervision for AML / CFT’s purposes of CFPS and financial institutions acting as permanent publishers.
As a competent authority for AML / CFT throughout Italy, the Central Bank will also have primary responsibility for ensuring efficient application Passenger rulewhich requires that CAPS and financial institutions share information about colleagues and transactions.
Consonent, on the other hand, will take over the primary role in performing activities, including:
- Monitoring CASP compliance with Mico, regardless of the type of trading platform;
- Monitoring the public offer of cryptoasca that are not art or EMTS;
- Prevention of market abuse related to cryptoassets; and
- Recognition of unauthorized bid of cryptoasset services and publishing stems and undertaking appropriate executive shares.
The joint issued note provides further details on the criteria that Banca d’Italia and Contob will use in the implementation of their supervisory roles.
To learn more about Mici Read previous Elliptic analysis here. To learn more about the trip rule, Watch our webinar on request on the topic.
Crypto regulation EMEA Apac
