lmfao america finally waking up to crypto regs after missing the party in uk, japan, n singapore?! summer mersinger dropping truth bombs like it's hot, time for the US to step up or get left behind in the dust
lmfao US finally waking up to crypto regulations, meanwhile, UK, Japan, n Singapore already on that tailored digital asset grind 🚀💸 time for some spicy crypto rules to flex on the global stage, let's get this regulation bread
summer mersinger said US late to crypto party, time to step up or get left in dust with UK, Japan, Singapore 🚀💀📉! traditional laws not vibing with crypto, making it big confusion for innovators
Following the May Liberation of the Clarity Act, the bill on the structure of the representative's chamber market to establish a regulatory framework of cryptocurrency, the Senate banks committee met with industry chiefs on Wednesday to discuss how the Senate would develop its own framework. Here are six take-out dishes from the hearing. 🏦
America is late in establishing a cryptographic regulatory framework. Countries like the UK, Japan, and Singapore implement tailor-made digital asset executives, as the US has been late, said Summer Mersinger, CEO of the Blockchain Association. "(W)e must consider the establishment of a federal regulatory framework as a national priority," said Mersinger. "Digital assets and blockchain technology revolutionize financial services, supply chains, and digital identity. The country that leads to this policy will establish global standards and unlock enormous economic and strategic advantages. The United States should be this leader, and this is our time to lead." 🇺🇸
The existing laws adapted to traditional finance do not quite correspond to the crypto. Mersinger noted that the regulation of the industry with the laws already in place has "created an ambiguity," thus limiting innovation and pushing changemakers to other jurisdictions with clearer crypto rules. She also noted that traditional banking
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