Blockchain Association Proposes Policy Framework for Digital Markets

According to Odaily, the Blockchain Association has released its 'consensus position' on digital market structure policy, reflecting optimism about legislative and regulatory progress in the U.S. Congress and the restructured SEC, which are supportive of cryptocurrency. The advocacy group, with input from over 100 member companies, has outlined 12 recommendations. One key proposal is to establish a regulatory framework positioning the U.S. as a 'preferred hub' for investment and technological advancement. Another recommendation emphasizes the protection of rights for individuals using non-custodial wallets to self-custody digital assets. The association stated, 'We believe effective crypto policy requires innovation and respect for user safety. Our primary principles are competition and consumer protection: fostering U.S. business growth while ensuring robust market safeguards and standardized disclosures. Smart, applicable regulation must be precise. Our scope and infrastructure principles focus on financial activities while safeguarding foundational blockchain technology. Innovation needs to protect builders and users. Our principles support both open-source developers and network participants—ensuring responsibility protection for code creators and contributors while maintaining broad participation in permissionless networks. Digital assets are a global technology. Our principles apply to international markets and decentralized applications—reducing cross-border friction while establishing an appropriate framework for non-custodial software. Clear rules promote growth. Our token classification and custody principles establish frameworks for different asset types while protecting individual self-custody rights and institutional custody solutions. Finally, implementation is crucial. Our principles on staking and regulatory transition provide pathways for existing and emerging business models, supporting network security and ensuring orderly market development.'