The U.S. crypto industry organization Crypto Council for Innovation (CCI) has announced the establishment of the Treasury Alliance, with members including Galaxy, Morpho, BitGo, a16z Crypto, Avalanche Policy Coalition, SharpLink, and others. The goal is to promote regulatory clarity for crypto asset treasury products. CCI stated that as on-chain yield treasury products rapidly develop, there is still uncertainty regarding their legal classification and regulatory applicability. The alliance will focus on legal analysis, policy principle formulation, and regulatory framework research, advocating that regulators should base rules on the actual operational mechanisms of treasury products rather than simply applying traditional financial product regulatory frameworks. (The Block) https://(wublock123.com)/news/news-62287