Blockchain Association CEO Kristin Smith claimed that while regulators are “moving very quickly,” legislative progress has been taking place “behind closed doors.”
The price rise in cryptocurrencies has started to signal a new bull run. Many investors think that the crypto industry is recovering and the bullish tide will continue. In markets that are starting to recover, eyes are turned to regulatory and regulatory requirements across cryptocurrencies. Blockchain Association CEO Kristin Smith emphasized the importance of the United States in regulatory clarity.
Blockchain Association CEO Discusses Crypto and Regulatory Topics
Blockchain Association CEO Kristin Smith highlighted the importance of requirements such as regulation and oversight in the wake of recent events in the crypto industry.
Smith said he believes it’s about specific causes and circumstances that regulators lead legislation through enforcement actions and compromises. Furthermore, Smith claimed that crypto regulations in the US take place behind closed doors.
Standing out in the crypto ecosystem in the US, Smith suggested that the US Congress should take control of the crypto industry. The CEO said there is a need for US leadership in crypto legislation.
Smith suggested that instead of crypto regulation talks that take place behind closed doors, a more transparent discussion should be conducted by Congress. According to Smith, this could generate more support and participation from the crypto industry.
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