The Scoop
Blockchain Association CEO unpacks market structure bill that could bring clarity for digital assets
Aug 29, 2023
Kristin Smith, CEO of Blockchain Association, unpacks the potential impact of a market structure bill on digital assets. Topics covered include current state of crypto in DC, stablecoin legislation, XRP ruling, and anti-crypto congressional sentiment. The podcast also delves into the implications of a bill passing, regulatory framework, and the views of 2024 presidential candidates on cryptocurrency.
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Quick takeaways
- The pending market structure bill in Congress could bring clarity and a regulatory framework for institutional investors and companies entering the crypto space.
- Stablecoin legislation is a key priority in Congress, aiming to provide federal regulation and address the role of state regulators.
Deep dives
Legislative Proposals and Dialogues on Capitol Hill
There has been a shift in focus on Capitol Hill away from the Securities and Exchange Commission (SEC) enforcement case against FTX. The attention has turned towards addressing regulatory concerns in the crypto space and enhancing the US's competitiveness. Legislative proposals have been introduced, including comprehensive legislation by the chairs of the House Financial Services and House Agriculture Committees. The industry has been working closely with Congress to suggest improvements to the legislation, and a vote on the bill is anticipated in the coming months.
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