The U.S. cryptocurrency industry organization Crypto Council for Innovation (CCI) announced the formation of the Vault Alliance, with members including Galaxy, Morpho, BitGo, a16z Crypto, Avalanche Policy Coalition, and SharpLink, aiming to promote regulatory clarity for crypto asset vault products. CCI stated that as on-chain yield vault products develop rapidly, their legal classification and regulatory applicability remain uncertain. The alliance will focus on legal analysis, policy principle formulation, and regulatory framework research, and advocates that regulators should develop rules based on the actual operational mechanisms of vault products rather than simply applying traditional financial product regulatory frameworks. (The Block)

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GateUser-517aed04
· 6h ago
Morpho and BitGo are both here; this alliance lineup is good. Looking forward to the specific policy principles being announced.
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GateUser-c44b371b
· 10h ago
The legal characterization of on-chain vaults has been unclear for too long, and institutional funds don’t dare to go in. Now, it’s finally taken a half-step forward.
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AlmondMilkLiquidator
· 10h ago
Before regulatory clarification, retail users are enjoying DeFi yields, while institutions are waiting and watching—this situation needs to be broken.
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TheBluePeony'sProphecy
· 10h ago
Finally, someone is taking the lead in developing a regulatory framework for treasury products, and the involvement of a16z and Galaxy indicates there's a real chance this will happen.
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GateUser-83a2dd8a
· 10h ago
Applying traditional financial methods rigidly to on-chain yield products is indeed absurd; categorizing them based on actual mechanisms is the correct approach.
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