Crypto Regulators Shift Tone in Washington Amid Growing Adoption
The cryptocurrency industry has long been plagued by regulatory uncertainty in the US, with companies like Coinbase and Ripple facing investigations and enforcement actions. However, a shift in tone in Washington is underway, with lawmakers and regulators increasingly recognizing the value of blockchain technology.
This change in attitude is attributed to years of engagement between crypto companies, trade groups, and policymakers across the political spectrum. The conversation has shifted from understanding the technology to aligning on where existing frameworks may be applied and where they fall short.
The release of the 'Regulation Crypto Assets' document by the SEC and CFTC Chair Michael Selig's announcement that the CFTC will issue crypto rules are positive signals that US regulators will continue to advance clearer rules and guidelines for builders and entrepreneurs offering services to US consumers.