The rule-making process is the procedure by which government agencies and regulatory bodies create, amend, or repeal regulations. This typically involves proposing new rules, soliciting public comments, reviewing feedback, and then finalizing the regulations. It ensures transparency and allows for stakeholder input. This structured approach aims for fair and effective governance.
Context
The rule-making process is highly relevant to the evolving regulatory landscape for digital assets. News frequently covers various agencies initiating public comment periods for proposed cryptocurrency regulations, from stablecoin oversight to exchange licensing. Understanding this process is essential for market participants to anticipate and influence future legal frameworks. The lengthy nature of rule-making often means regulatory clarity lags behind technological innovation in the crypto sector.
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