The post Avalanche, Crypto Associations Held Key Meeting with US SEC Crypto Task Force appeared on BitcoinEthereumNews.com. Avalanche developer Ava Labs, Blockchain Association, and The Digital Chamber met with the U.S. Securities and Exchange Commission (SEC). The meeting primarily focused on addressing regulatory oversight of crypto assets, especially protocol tokens, by the US SEC and the Commodity Futures Trading Commission (CFTC). US SEC Crypto Task Force Meets with Industry Leaders According to a memo by the US SEC Crypto Task Force, its staff met with representatives from Blockchain Association, Avalanche firm Ava Labs, Sidley Austin LLP, and The Digital Chamber. The meeting addressed major regulatory challenges and potential pathways for harmonizing crypto oversight. It aligns with the recent SEC-CFTC joint statements and the President’s Working Group (PWG) report on strengthening digital financial technology in the United States. Ava Labs, which develops the Avalanche blockchain, and Sidley Austin suggested a two-part regulatory approach for protocol tokens. The SEC would handle the first sale of tokens before they are functional, treating them as investment contracts. The CFTC would oversee tokens that are already working in live systems, treating them as commodities. This proposed framework, described in recent submissions to regulators, aims to clarify rules without needing new laws or categories. The goal is to bring crypto trading to the U.S. and encourage responsible innovation, which is a main focus of the Crypto Market Structure bill. Ava Labs, Blockchain Association, and The Digital Chamber stressed the need for regulatory clarity on protocol tokens, consistent disclosure, and responsible innovation while protecting investors. Avalanche Price Rockets Almost 8% Avalanche price has jumped nearly 8% in the past 24 hours, currently trading at $14.58. The 24-hour low and high are $13.53 and $14.71, respectively. Furthermore, trading volume has increased by 48% in the last 24 hours, indicating a rise in interest among traders. As CoinGape reported, Avalanche is now part of the Bitwise… The post Avalanche, Crypto Associations Held Key Meeting with US SEC Crypto Task Force appeared on BitcoinEthereumNews.com. Avalanche developer Ava Labs, Blockchain Association, and The Digital Chamber met with the U.S. Securities and Exchange Commission (SEC). The meeting primarily focused on addressing regulatory oversight of crypto assets, especially protocol tokens, by the US SEC and the Commodity Futures Trading Commission (CFTC). US SEC Crypto Task Force Meets with Industry Leaders According to a memo by the US SEC Crypto Task Force, its staff met with representatives from Blockchain Association, Avalanche firm Ava Labs, Sidley Austin LLP, and The Digital Chamber. The meeting addressed major regulatory challenges and potential pathways for harmonizing crypto oversight. It aligns with the recent SEC-CFTC joint statements and the President’s Working Group (PWG) report on strengthening digital financial technology in the United States. Ava Labs, which develops the Avalanche blockchain, and Sidley Austin suggested a two-part regulatory approach for protocol tokens. The SEC would handle the first sale of tokens before they are functional, treating them as investment contracts. The CFTC would oversee tokens that are already working in live systems, treating them as commodities. This proposed framework, described in recent submissions to regulators, aims to clarify rules without needing new laws or categories. The goal is to bring crypto trading to the U.S. and encourage responsible innovation, which is a main focus of the Crypto Market Structure bill. Ava Labs, Blockchain Association, and The Digital Chamber stressed the need for regulatory clarity on protocol tokens, consistent disclosure, and responsible innovation while protecting investors. Avalanche Price Rockets Almost 8% Avalanche price has jumped nearly 8% in the past 24 hours, currently trading at $14.58. The 24-hour low and high are $13.53 and $14.71, respectively. Furthermore, trading volume has increased by 48% in the last 24 hours, indicating a rise in interest among traders. As CoinGape reported, Avalanche is now part of the Bitwise…