The Compliance Path of the US Digital Asset Industry

Introduction What the digital asset field lacks is not a strict or lenient framework, but a clear boundary between legal and illegal. It has been 12 years since Satoshi Nakamoto released the Bitcoin whitepaper. Digital assets such as Bitcoin and Ethereum have gradually gained a place in the public consciousness. In the past year, the federal government's legal exploration of digital assets is accelerating. On March 9, 2020, in the early stages of the pandemic outbreak, the federal government introduced the "Cryptocurrency Act of 2020" to clarify regulatory authority over digital assets.