197. Insights: Are US regulation bills changing the future of crypto?
Blockchain Insider Podcast by 11:FS
Challenges and Politics in Updating Laws for Digital Assets
The presence of different regulators leads to a turf war in the US over new asset classes. Unlike the EU, UK, and Japan, the US lacks unified decision-making and faces bureaucratic challenges due to outdated securities and commodities laws. This hampers the regulation of digital assets, as they were not anticipated when these laws were established. The ambiguity surrounding the classification of digital assets by regulators further complicates matters. Clearing up jurisdiction and updating rules is crucial for the growth of digital assets in the US. However, navigating through the complex politics and divergent interests of congressional committees poses a significant challenge.
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