Advancing Clarity in Digital Asset Custody: Pioneering Safekeeping Standards
We’re advocating for fair and transparent custody rules to safeguard the digital economy.
The path to securing regulatory approval for Bitcoin and Ether ETPs has been fraught with complexity. Policymaker hesitancy to move these products forward hampers the growth of a market that is ripe with potential, limiting investor access to digital asset classes through regulated channels.
A regulatory framework that provides clarity and support for issuers, exchanges, and consumers while addressing that specifically addresses the specifically address the novel characteristics of digital assets and decentralization.
The Policy Issues
Pathway for Digital Asset ETFs
The approval of a Spot Bitcoin ETF marked a landmark moment in the integration of cryptocurrencies into the traditional financial landscape. However, it also underscores the realization that there is much more work to be done to fully harness the potential of cryptocurrencies within mainstream investment channels.
In response to this challenge, The Digital Chamber is advocating for the development of a clear and structured regulatory pathway for the approval of more crypto ETFs, following the landmark approval of a Spot Bitcoin ETF. The Chamber recognizes that crypto ETFs represent a crucial bridge between traditional investment mechanisms and the burgeoning crypto market. By providing a more direct, regulated, and familiar way for investors to gain exposure to cryptocurrencies, these ETFs can significantly lower the barrier to entry for traditional investors, fostering greater mainstream adoption and acceptance of digital assets.
- Spot Bitcoin ETF Approval Marks a Turning Point for Bitcoin | January 2024
- The Call for More Visible Bitcoin ETF Wallets | February 2024
- SEC’s Rejection of Spot Bitcoin ETF | June 2022
- Why Won’t the SEC Approve a Bitcoin ETF? | September 2022
Our Impact
Through strategic legal advocacy and industry collaboration, we are leading the charge to create a regulatory environment that empowers investors while safeguarding the digital asset ecosystem.
Legal Advocacy Success
Successfully advocated for the approval of a spot bitcoin ETF in an amicus brief in the matter of SEC v. Grayscale, which led to a ruling in favor of Grayscale citing the SEC’s denials of spot bitcoin ETFs as “arbitrary and capricious.”
Industry Collaboration for Spot Bitcoin ETF
Collaborated across the industry to advocate for a Spot Bitcoin ETF approval. The Token Alliance’s decade-long efforts, including research, litigation, and Congressional education, contributed to a victory benefiting the entire digital asset community.
Relevant Custody News
