US crypto regulation is likely 'in a holding pattern' until after the 2024 election: Paradigm Policy Director
The Scoop
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The Partisanization of Crypto and the Need for Updated Regulations
Crypto is a fascinating technology that has gained bipartisan interest over time. It has the potential to empower ordinary people and challenge established power bases. Progressives like Richie Torres, Josh Gottheimer, and Kirsten Gillibrand find crypto appealing for these reasons. It is important for regulators to update regulations to keep up with changing technology, as evidenced by the negative consequences of the deregulation of the swaps market. We need proactive regulation to prevent future crises. Government should embrace technology and regulate it effectively for the benefit of everyone.
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