Blockchain Association hosts Policy Summit, calls for crypto regulation and national security

Lawmakers, business leaders and blockchain innovators gathered this week to debate the way forward for crypto insurance policies and their affect on nationwide safety.

The Blockchain Affiliation hosted its third annual coverage summit in Washington, DC, on December 16-17, 2024. Attended by key US lawmakers, business stakeholders and representatives from the decentralized infrastructure sector, the occasion targeted on aligning blockchain innovation with readability in laws. and nationwide safety priorities, stated Denis Serikov, CEO of crypto PR agency ThronePR.

Serikov attended the summit and shared his observations in a be aware to crypto.information.

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US policymakers attended the occasion

The summit introduced collectively policymakers, together with Home Majority Whip Tom Emmer, Congressman Mike Flood and Congressman Wiley Nickel, to handle the challenges and alternatives in regulating digital belongings. Discussions targeted on stablecoin regulation, securities legal guidelines and the Securities and Trade Fee’s strategy to digital asset oversight.

“The response from members of Congress, the administration and regulators has grown tremendously,” stated Dave Grimaldi, Govt Vice President, Head of Authorities Relations at Blockchain Affiliation. “That speaks to a whole 180-degree flip that this business has undergone within the notion of crypto and blockchain expertise.”

Mike Flood emphasised the necessity for state and federal cooperation to forestall overregulation, and expressed optimism about future collaborations between the SEC and the Commodity Futures Buying and selling Fee.

In a video tackle, President-elect Donald Trump praised the summit and reaffirmed his administration’s dedication to supporting blockchain innovation whereas addressing nationwide safety considerations.

The Blockchain Affiliation had beforehand referred to as on President-elect Donald Trump and Congress to prioritize 5 key crypto actions in the course of the first 100 days of the administration.

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Blockchain’s position in nationwide safety and requires regulatory readability

A key focus of the occasion was the position of decentralized bodily infrastructure networks in enhancing nationwide safety. Representatives from blockchain initiatives equivalent to CESS, Filecoin and Helium mentioned how decentralized knowledge options can tackle vulnerabilities in centralized techniques, particularly in defending delicate info and consumer privateness.

Through the summit, business representatives additionally urged regulators to implement sensible insurance policies. Issues had been raised in regards to the SEC’s expanded Seller Rule and its potential to stifle innovation.

“There’s quite a lot of collaboration between the federal government and the personal sector to get blockchain expertise adopted sooner than we may even think about,” stated Joseph Li, co-founder of CESS. “We not too long ago went to Capitol Hill to teach U.S. Representatives and Senators about our expertise.”