America Must Lead on Crypto Regulation
To maintain its position as a global rule-maker and avoid becoming a rule-taker, the United States must use the coming year to promote clarity and confidence in the digital-asset market. The US faces three potential paths to maintaining its competitive edge in crypto: regulation, legislation, and designation.
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WASHINGTON, DC – In contrast to 2022, a disastrous year for digital-asset markets, 2023 was characterized by aggressive regulatory action and positive market developments. The recent settlement between US regulators and Binance, the world’s largest cryptocurrency exchange, is poised to improve trust, transparency, and accountability throughout the market. Meanwhile, most global financial centers have introduced clear regulations for the crypto industry.