US Set to Lead Crypto Innovation as White House Unites SEC and CFTC, Says Ji Kim

• US to lead crypto race, says CCI’s Ji Kim, with new White House report uniting SEC and CFTC.
• Report backs GENIUS Act for stablecoins, bans US CBDC, and pushes clear rules via SEC and CFTC initiatives.
• Kim calls it smart regulation, not deregulation, despite Warren’s concerns, aiming to make US a crypto hub.

Ji Kim, the new CEO of the Crypto Council for Innovation, says the US is ready to take the lead in the global crypto race following a recent White House report on digital assets.

The report pushes for better coordination between the SEC and CFTC, ending their long fight over crypto regulation.

Kim, who was at the report’s White House release, believes it marks a turning point, with both agencies now working together to regulate digital assets like Bitcoin and Ether as commodities, not securities.

A New Era for US Crypto Regulation

The report also supports the GENIUS Act, which promotes private stablecoins to maintain the US dollar’s global dominance, while President Trump’s January executive order banned a US government-issued CBDC, citing privacy concerns.

Source: White House

Kim backs this, saying private stablecoins are the way forward.The SEC’s “Project Crypto” and CFTC’s “crypto sprint” aim to create clear rules and bring crypto firms back to the US, reversing the trend of companies moving to places like Dubai and Singapore.

Some individuals, such as Senator Elizabeth Warren, have expressed concerns over possible conflicts of interest, but Ji Kim pushes back on that, saying this isn’t a matter of deregulation.It’s rather a wiser approach to safeguard consumers and take action against illegal behavior.

With the CLARITY Act making progress, the US is gearing up to become a major crypto hub, finally shaking off years of regulatory confusion.

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