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Former Deputy Governor of the Bank of China, Wang Yongli: U.S. crypto-asset classification and regulatory policies are worth learning from

Regulation & Policy

2026-04-12 03:02:38

Gate News. On April 12, Wang Yongli, former vice president of the China Banking Regulatory Commission, published an article titled “Dialectically Viewing the United States’ Crypto Asset Policy.” The article states that the implementation rules document under the U.S. Crypto Asset Classification Regulatory Clarity Act (CLARITY Act), titled “Application of Federal Securities Laws to Certain Crypto Assets and Related Transactions,” is an important improvement by the United States in the characterization and regulation of crypto assets, and is worthy of learning and reference worldwide in terms of crypto asset recognition, characterization, and appropriate regulation. It also notes that U.S. crypto asset policies still need to be approached dialectically; the U.S.’s classification-based regulation of crypto assets is worth learning from, and the innovation and development of crypto assets must have appropriate and effective regulation.

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