Blockchain Insider Podcast by 11:FS cover image

Blockchain Insider Podcast by 11:FS

197. Insights: Are US regulation bills changing the future of crypto?

Oct 4, 2023
Crypto regulation expert Mauricio Magaldi joins the podcast to discuss the positive movement towards crypto regulation. They explore the progress made in crypto regulation bills, the potential impact of these regulations, and the bipartisan nature of crypto. The chapter also discusses the process and odds of crypto regulation bills becoming law, the importance of legislative guidance, and recent court cases that criticized the SEC's actions.
49:44

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Quick takeaways

  • Recent progress in crypto regulation in the US includes the passing of standalone crypto bills, such as the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Clarity Act, which aim to establish rules for crypto firms and regulate stablecoins.
  • The lack of regulatory certainty in the crypto industry hinders innovation and creates challenges for businesses, emphasizing the need for clarity in crypto regulation and balancing regulation with enabling innovation.

Deep dives

Progress in Crypto Regulation: Recent Developments and Bills

In this episode, the podcast discusses recent progress in crypto regulation, particularly focusing on US regulatory updates. They highlight the passing of standalone crypto bills, such as the Financial Innovation and Technology for the 21st Century Act, the Blockchain Regulatory Clarity Act, and the Financial Technology Protection Act. These bills aim to establish rules for crypto firms, determine if digital assets are commodities or securities, combat illegal activities, and regulate stablecoins. The podcast emphasizes the significance of these bills as a step towards creating an enabling environment for the crypto industry, but also acknowledges the complexities and challenges involved in the legislative process.

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