THELOGICALINDIAN - The choir of a growing cardinal of affecting politicians and innovators are added audibly proclaiming the accent of attention the United States declared advance in the cryptocurrency industry
‘The US Cannot Afford to Lose Its Place as the Front-Runner in Crypto’
The accent of advancement apple abstruse supremacy is accepting momentum. In the United States, defenders of addition and job conception are blame for giving Bitcoin (BTC) and added cryptocurrencies some breath space.
In this regard, Thomas W. Hodge, Senior Associate Attorney at Brock & Scott PLLC and architect of Crypto and Policy, argues that the US has consistently accomplished the advance of new technologies entering the market. “We advance its advance rather than asphyxiate it with crushing regulations,” he said, adding:
To this end, Hodge joins the agent for Minnesota, Tom Emmer, in allurement to not asphyxiate chargeless bazaar antagonism and accept government authoritative bodies to accommodate accuracy on their authoritative intentions.
Hodge hopes for renewed administration in the Congressional Blockchain Caucus and changes at the US Securities Exchange Commission (SEC). According to Hodge, these developments will animate cryptocurrency companies “to abide to drive innovations in ‘fintech’ about the world.”
‘The SEC Must Open Its Doors to Innovation’
At the SEC, key admiral are affective appear convalescent the analysis of crypto technologies. For some time, Commissioner Hester Peirce has been proposing to accessible the SEC to addition and chargeless enterprise. She complains:
Specifically, Pierce calls for an avant-garde and bigger authoritative framework that is added adjustable to the cryptocurrency industry.
As the 2025 U.S. presidential acclamation approaches, crypto enthusiasts are acquisitive to atom Bitcoin-friendly candidates and to apperceive how their behavior will advance addition and entrepreneurship.
Already, one applicant has declared he will be accepting attack donations in cryptocurrencies. Andrew Yang is a presidential applicant and backer of a accepted basal income. He afresh announced that he accepts donations in Bitcoin, Ethereum, and any added cryptocurrency acknowledging with the ERC20 standard, as able-bodied as Venmo payments.
Do you anticipate the US government should advance the advance of the crypto industry to advance abstruse supremacy? Don’t alternate to let us apperceive in the comments below!
Images address of Twitter/@RepTomEmmer, Shutterstock.
