- Tron has joined the DSA to promote crypto regulation like FIT 21.
- The emergence of Donald Trump may change the regulatory landscape.
The TRON blockchain has partnered with the Digital Sovereignty Alliance (DSA) to promote crypto legislation in the United States. TRON’s support for the DSA comes amid heightened advocacy to establish clear crypto guidelines in the US.
TRON’s Support for Digital Sovereignty and Innovation
TRON’s founder, Justin Sun, highlighted the blockchain’s support for the DSA in a post on X. Sun noted that the DSA will work closely with lawmakers, industry experts, and community leaders on crypto legislation. He believes the partnership will promote the healthy growth of the digital asset industry.
#TRON is proud to support the Digital Sovereignty Alliance (DSA) to champion the industry effort on advancing #crypto policies in the US . We are excited to see the #DSA working closely with lawmakers, industry experts, and community leaders on crypto legislations that will…
— H.E. Justin Sun(hiring) (@justinsuntron) November 11, 2024
Specifically, Sun pointed out that the DSA will pioneer key legislation like FIT 21 and DCCPA, which are crucial for advancing digital sovereignty and supporting innovation. Sun added that the TRON Community is committed to sharing its expertise and experience to champion the growth of crypto regulations.
TRON, a leading global decentralized blockchain network, is important in fostering sound crypto policies. Since its inception in 2017, the TRON network remained focused on decentralization and empowerment. TRON’s low barriers to entry make it easy for everyone, regardless of experience level, to interact with the platform.
Moreover, developers utilize TRON’s native token, TRX, to build Decentralized Applications (dApps). Like other blockchain initiatives, TRX is used on the network to pay transaction fees. In 2021, the blockchain metamorphosed into a non-profit decentralized autonomous organization (DAO), TRON DAO. This organization appears active, sponsoring events like the HackaTron, where blockchain developers can compete to build decentralized applications.
According to a CNF report, the TRON DAO recently announced the launch of the TRON-Peg USD Coin (TRC-20 USDC). This is a cross-chain stablecoin solution designed to allow seamless transactions across the Ethereum and TRON blockchains. This launch enhances TRON’s stablecoin ecosystem and increases user efficiency in cross-chain USDC transfer. Therefore, more ways to use USDC within the TRON ecosystem are needed.
The Future of US Crypto Policies Under Donald Trump’s Rule
Over the years, cryptocurrencies and blockchain solutions have grown into a major sector in the US economy. While this is happening, there are heightened discussions about establishing clear crypto laws to guide digital asset transactions in the country. CNF reported in July 2023 that the US House Committee voted on major crypto legislation.
The Committee’s major goal is to create a defined mechanism for digital assets to shift from their classification as securities to commodities. The legislative actions in July demonstrate the United States government’s response to the growth of the crypto business.
With Donald Trump’s recent Presidential election win, the crypto community anticipates the establishment of a regulatory framework that supports ongoing innovation within the US. As CNF mentioned, Cardano founder Charles Hoskinson confirmed he would advise on US crypto legislation under Trump’s incoming administration. Hoskinson aims to address the regulatory uncertainty that has long limited the industry.
