Agency Accountability

Definition ∞ Agency accountability refers to the responsibility of governmental or regulatory bodies for their actions and decisions. These entities must operate with transparency and adhere to established legal frameworks. Within digital asset markets, this concept applies to the oversight and regulation of cryptocurrency exchanges, decentralized finance platforms, and other participants. Their operational integrity is subject to scrutiny regarding consumer protection and market stability.
Context ∞ A key discussion point surrounding agency accountability in crypto centers on delineating regulatory authority and scope. Debates arise over whether existing statutes adequately cover novel digital asset structures or if new legislative actions are necessary. Future developments will likely involve clearer mandates for agencies and increased demands for their operational clarity.