Svmuu News Former Vice President of Bank of China, Wang Yongli, authored an article titled "A Dialectical View on US Crypto Asset Policy". He pointed out that the explanatory and guiding implementation rules document "Application of Federal Securities Laws to Certain Crypto Assets and Related Transactions" for the Clarity in Classification and Regulation of Crypto Assets Act (CLARITY Act) represents a significant improvement in the US's approach to crypto asset classification and regulation. It is worthy of global study and reference for understanding, classifying, and appropriately regulating crypto assets. However, a dialectical approach is still necessary towards US crypto asset policy. The US's approach to classified regulation of crypto assets is worth learning from, and effective and appropriate regulation is essential for the innovative development of crypto assets. A dialectical view on the changes in US crypto asset regulatory policy includes:
First, the development of the on-chain crypto world must be given high priority;
Second, effective classified regulation must be implemented based on a precise grasp of the essential attributes of crypto assets;
Third, regarding crypto assets, while learning from the US's experiences and lessons, it is also necessary to adhere to a realistic approach based on one's own national conditions.