According to Blockchain Association CEO Kristin Smith, the industry wants American lawmakers to spearhead crypto legislation. According to Knot, the FSB has an “ambitious work schedule” for completing a regulatory framework for crypto assets in 2023. Blockchain Association CEO Kristin Smith said in a Feb. 22 Bloomberg interview that despite the process being “extremely long” […]
According to Blockchain Association CEO Kristin Smith, the industry wants American lawmakers to spearhead crypto legislation.
Smith remarked that although regulators are “moving extremely swiftly,” legislation is being developed “behind closed doors,” suggesting that increased industry participation in an “open process” that would be visible to Congress is essential. According to Smith, the problem with regulators enforcing laws and settling disputes is due to “extremely unique facts and conditions.”FTX
In a letter dated February 20 this year and distributed to the G20’s finance ministers and central bank governors, Financial Stability Board chair Klaas Knot described how the organization expects to handle major threats to financial stability this year. DeFi and crypto assets occupied a significant position on the FSB’s list of challenges.
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