Agency Guidance

Definition ∞ Agency guidance refers to advisory statements issued by governmental bodies to clarify how regulations apply to specific industries or activities. These pronouncements from regulatory authorities, such as the Securities and Exchange Commission or the Financial Crimes Enforcement Network, provide interpretations of existing statutes and rules. Such guidance assists entities in understanding their compliance obligations without possessing the full legal authority of formal regulations. It serves to inform market participants about supervisory expectations and acceptable practices.
Context ∞ Within the digital asset landscape, agency guidance is a primary topic of discussion, as regulatory bodies work to define the legal classification and operational requirements for cryptocurrencies and blockchain enterprises. The absence of comprehensive, tailored legislation often places significant weight on these interpretive statements, shaping business models and technological development. Industry stakeholders closely monitor new guidance for indications of future regulatory actions and shifts in policy direction.