The Scoop
US crypto regulation is likely 'in a holding pattern' until after the 2024 election: Paradigm Policy Director
Nov 27, 2023
Justin Slaughter, Policy Director at Paradigm, discusses why US crypto regulation is at a standstill until after the 2024 election. He explains how policymakers are recognizing the technological innovation behind crypto and touches on bipartisan support and global regulation. Slaughter also mentions the impact of BlackRock and Paradigm's policy priorities for 2024.
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Quick takeaways
- Crypto regulation in the U.S. is likely stuck 'in a holding pattern' until after the 2024 election cycle.
- Efforts to garner bipartisan support for crypto-related policies are gaining traction and fostering understanding among policymakers.
Deep dives
The Importance of Updating Regulations for Changing Technology
Regulators should respond to changing technology by updating regulations. This approach benefits the industry, consumers, investors, and regulators themselves. Adopting a mindset that acknowledges the positive outcomes for all stakeholders is crucial.
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