The U.S. cryptocurrency regulatory landscape is undergoing significant changes. The White House and the Commodity Futures Trading Commission (CFTC) are taking action simultaneously to create a fairer and more open environment for the crypto assets industry.

According to reports, the White House is preparing an executive order aimed at strengthening the regulation of large banks. This order will grant regulators the power to impose penalties on financial institutions suspected of political discrimination, particularly targeting banks that terminate services to conservative individuals or Crypto Assets companies without justifiable reasons. The initiative is seen as a response to the so-called "de-risking" credit discrimination practices in the banking industry, aiming to ensure fairness and inclusivity in financial services.

Meanwhile, the CFTC is exploring easing restrictions on Crypto Assets trading. CFTC Acting Chair Caroline Pham is studying how to allow certain registered futures exchanges to list leveraged spot trading of digital assets such as Bitcoin (BTC) and Ethereum (ETH). Pham emphasized that the CFTC has the authority to implement regulations for spot Crypto Assets trading and has initiated a public consultation process.

The CFTC's move indicates that the agency is actively seeking regulatory authority over non-securities Crypto Assets, rather than passively waiting for Congress to legislate. Although the House has passed the Crypto Assets market structure bill, the bill still needs to be reviewed and approved by the Senate.

These regulatory trends reflect the new thinking of the U.S. government in the field of Crypto Assets. The White House is committed to maintaining financial fairness, while the CFTC is promoting the relaxation of market access rules. The interplay of these two forces will have a profound impact on the future development of Crypto Assets and is worth ongoing attention from the industry.

With the changing regulatory environment, the Crypto Assets industry may迎来新的发展机遇. However, achieving a balance between encouraging innovation and protecting investor interests remains a major challenge for regulators. In the future, the direction of US Crypto Assets regulation will continue to influence the global market.