During a recent crypto policy summit in Washington organized by the Blockchain Association, Donald Trump, the incoming U.S. president emphasized the government’s commitment to a pro-crypto stance.
In a speech to industry leaders, the president reiterated the U.S. government’s intention to maintain its leadership in the crypto sector, stating, “We intend to keep our business in the United States, rather than China or some other place” with regard to bitcoin.
The summit brought together key stakeholders, including members of Congress and prominent figures from the crypto industry such as a16z, Coinbase, and Consensys. Discussions centered on the crucial task of developing a robust regulatory framework for the crypto industry.
Larry Pang, head of the Iotex ecosystem, underscored the importance of swift legislative action, highlighting the need for clear regulations in areas such as decentralized infrastructure networks, stablecoins, and decentralized finance (DeFi).
A presentation by Dritan Nesho, CEO of Harrisxdata, revealed the significant influence of cryptocurrency policy on voter behavior. The data showed that a substantial portion of voters, including 70% of crypto investors, considered candidates’ stances on digital assets when making their voting decisions. Furthermore, the data indicated a growing adoption of crypto, with 25% of voters now owning cryptocurrencies.
The policy conversations concluded with a session on “Moving the Needle: Market Structure, Stablecoins, and SAB 121,” featuring discussions with Congressmen Wiley Nickel and Mike Flood, along with Nilmini Rubin, Chief Policy Officer at Hedera.
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