Catenaa, Friday, August 08, 2025- The United States is poised to reclaim leadership in the global cryptocurrency industry following the White House’s recent report urging finance regulators to align on digital asset oversight, according to Ji Hun Kim, CEO of the Crypto Council for Innovation (CCI).
The report signals a potential resolution to the long-standing regulatory conflict between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over cryptocurrency classification.
Kim said the document recognizes Bitcoin, Ether, and other digital assets as commodities, underscoring the CFTC’s role in overseeing these markets.
Kim described the moment as a “crypto sprint,” with both agencies preparing to implement the report’s recommendations rapidly.
This marks a shift from the previous SEC administration’s enforcement-heavy approach, which prompted many crypto firms to relocate abroad to more crypto-friendly jurisdictions like Dubai, Singapore, and Hong Kong.
The report’s emphasis on collaboration and regulatory clarity is reflected in initiatives such as the SEC’s “Project Crypto” and the CFTC’s announced “crypto sprint.”
These efforts aim to provide clear guidance, streamline licensing, and establish a firm regulatory division between securities and commodities.
The CCI CEO also backed the administration’s cautious stance on central bank digital currencies (CBDCs), favoring private stablecoin development through the GENIUS Act as a market-driven alternative that safeguards privacy.
Despite some criticism from civil rights groups and lawmakers over perceived deregulation risks, Kim emphasized that the new approach is not deregulation but rather a tailored framework to protect investors and combat illicit finance while fostering industry growth.
With growing regulatory cohesion, the US looks set to strengthen its position as a global crypto innovation hub.
