US to Develop New Virtual Asset Regulation Roadmap… Preview at KBW Draws Attention [Crypto Briefing]

[Financial News] The Donald Trump administration in the US is expected to cause a seismic shift in the virtual asset market by presenting a new roadmap for virtual asset regulation. As key figures from the Trump administration's virtual asset sector will attend the 'Korea Blockchain Week 2025 (KBW2025)' in Seoul next week, it is anticipated that insights into the administration's thoughts on the new regulations will be revealed.
According to the virtual asset industry on the 17th, the US Office of Management and Budget (OMB) announced the 'Spring 2025 Unified Agenda' on the 4th (local time). This document outlines the regulatory changes the US government plans to implement twice a year.
This document includes the virtual asset regulation proposal pursued by the US Securities and Exchange Commission (SEC). Specifically, it includes △ amendments to the Exchange Act regulations to reflect virtual asset trading on Alternative Trading Systems (ATS) and national securities exchanges △ new regulations for the custody of virtual assets by investment advisors and funds △ introduction of a 'safe harbor' clause that exempts penalties if certain conditions are met when rule applicability is uncertain.
The virtual asset industry evaluates the roadmap's disclosure positively as it removes market uncertainty. A representative from Galaxy Research, a blockchain analysis specialist, explained, "The main focus of the SEC's regulatory changes is to clarify disclosure guidelines and requirements for virtual asset securities," adding, "The newly revised guidelines will alleviate the regulatory uncertainty and burden faced by issuers, exchanges, and market participants."
Paul Atkins, SEC Chairman, also emphasized, "This agenda includes potential regulatory proposals related to the offering and sale of cryptocurrencies, aiming to clarify the regulatory framework and provide certainty to the market," adding, "One of the major priorities during my term as chairman is to clarify the rules regarding the issuance, custody, and trading of crypto assets."
However, the regulations are not finalized. According to the US Administrative Procedure Act, the SEC must first publish a direct regulatory proposal notice. Then, feedback from industry stakeholders and the general public is gathered, followed by revisions and supplements before the final regulations are announced. Even then, if Congress, the industry, or organizations raise issues, it can be nullified.
As the need to establish regulations quickly through clear feedback and consensus grows, the industry is paying attention to KBW2025, where key figures from the US administration's virtual asset policy and major global industry figures will gather. Given that the SEC regulation proposal is currently a hot topic in the industry, it is likely to be a major focus at the event.
During KBW2025, Patrick Witt, Executive Secretary of the White House Presidential Digital Asset Advisory Committee, and Harry Jung, Deputy Executive Secretary, are scheduled to participate as speakers. Additionally, representatives from the virtual asset industry, including Tether, Solana, and American Bitcoin, will also attend.
A representative from the virtual asset industry stated, "Just as the 'Genius Act,' a dollar stablecoin regulation proposal, influenced Korea's won stablecoin regulation legislation, new regulations emerging from the US are bound to impact the world," adding, "We are closely watching the legislative process."

yimsh0214@fnnews.com Sanghyuk Lim, Reporter