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Grayscale CLO Highlights Shift in U.S. Crypto Oversight Toward Clearer Rules

At the Consensus Hong Kong event, Grayscale Chief Legal Officer Craig Salm noted that U.S. regulators are moving away from enforcement-driven actions toward structured guidance and formal rulemaking in crypto regulation.

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Terms & Concepts
  • Regulating by Enforcement: A regulatory approach where agencies enforce actions against violations without first issuing clear rules or guidance.
  • Rulemaking: The formal process through which regulatory agencies create binding rules to clarify and standardize compliance requirements for industries.
  • Grayscale: A major digital asset management firm known for its cryptocurrency investment products like the Grayscale Bitcoin Trust.