Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
  • Login
Buy crypto
Newblock
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Solana
    • Cardano
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
No Result
View All Result
Newblock

What should the crypto industry expect from regulators in 2022? Experts answer, Part 2

January 11, 2022
in Blockchain News
405 17
0
Share on FacebookShare on Twitter

Michelle is the CEO of the Association for Digital Asset Markets, which works in partnership with financial firms and regulatory experts to devise a code of conduct for digital asset markets.

“2021 was the year Washington woke up to the digital assets industry. The year started with the rushed FinCEN “Unhosted Wallets” proposal, which the industry was able to voice its concerns and delay. At the same time, pro-digital asset Senator Cynthia Lummis joined the Senate.

As the Biden Administration got up to speed on digital assets, it seemed like all of Washington was studying the industry in some shape or form. Then came the Infrastructure Bill, which contained a rushed provision defining a broker for tax reporting purposes. This flawed language unleashed digital asset supporters from all segments of U.S. society and made it clear that policymakers and regulators need to act carefully and consider innovation as a key pillar of their decisions.

The year culminated on a highly positive note with the early December crypto CEOs hearing in front of the House Financial Services Committee. Lawmakers were surprisingly warm to all participants and were genuinely interested in the innovation benefits that can be harnessed in Web 3.0. The hearing went a long way to legitimizing crypto in DC, similar to how bank CEOs appear in front of Congress on a yearly basis.

Looking to 2022, lawmakers are starting to realize the long term benefits this industry can provide to the United States, and this, combined with the Biden administration being in office for a year, now presents a real window to get something done on a bipartisan basis to advance the industry and provide guardrails for market integrity and consumer protection. I expect to see a responsible public policy framework developed, from which the industry can flourish and the U.S. can benefit.”

Source link

You might also like

Microsoft NFT ban

Microsoft NFT ban

August 4, 2022
Blockchain and digitization to take center stage at Davos

Blockchain and digitization to take center stage at Davos

May 20, 2022

Related News

Microsoft NFT ban

Microsoft NFT ban

by Editorial Team
August 4, 2022
0

Microsoft says NFTs and blockchains aren't welcome in Minecraft Microsoft Cites flakiness of NFT community and speculative activity as inimical...

Blockchain and digitization to take center stage at Davos

Blockchain and digitization to take center stage at Davos

by Editorial Team
May 20, 2022
1

The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26,  marking the first...

qmall crypto license

Crypto License & Payment Gateway Authorized by EU Regulators

by Editorial Team
April 21, 2022
0

It seems there’s hardly a month goes by when we don’t hear at least some exciting news about Ukraine’s QMALL...

FC Barcelona to Get Into Metaverse and NFTs

FC Barcelona to Get Into Metaverse and NFTs

by Editorial Team
March 5, 2022
1

The FC Barcelona, a soccer club with a large fanbase in Spain and Europe, has revealed its plans to take...

Next Post

Pakistan to investigate Binance for multi-million dollar crypto scam

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get daily news updates to your inbox!

Popular

  • crypto price analysis

    BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

    21678 shares
    Share 8671 Tweet 5420
  • Google Launches Blockchain Division

    5332 shares
    Share 2132 Tweet 1332
  • Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse

    972 shares
    Share 389 Tweet 243
  • GAIMIN Brings Blockchain and NFTs to Minecraft – Press release Bitcoin News

    958 shares
    Share 383 Tweet 240
  • Coinbase exec says major Ethereum scaling improvements coming soon

    923 shares
    Share 369 Tweet 231

Recommended

bitcoin news

US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis

February 1, 2022

Billionaire investor Bill Miller puts 50% of net worth in Bitcoin

January 10, 2022
Newblock

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Navigate Site

  • Blockchain news
  • Crypto Analysis
  • Ranking
  • Media Partnerships
  • Privacy Center
  • Contact Us
  • Donate

Follow Us

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • XRP
    • Cardano
    • Solana
    • Blockchain News
    • Press Releases
    • Events
  • Analysis
    • Market Analysis
    • Price analysis
  • Ranking
  • Buy Crypto
  • Privacy Center
  • Contact Us
  • Donate

Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins.
© 2022 Newblock

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.