Panelists at Bitcoin Miami shifted focus away from the “anti-crypto army” and toward collaboration with U.S. regulators in a bid for a less contentious future.
the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”
The discussion opened with Chamber of Digital Commerce’s Boring describing the current regulatory situation as “dire,” after placing part of the blame for the contentious nature of some of the discourse surrounding cryptocurrency regulation onin the space. “With a lot of negative headlines,” explained Boring, “there've been a lot of setbacks. And that's given a lot of ammo to regulators to crack down.
“I'm very confident we can overcome those because, at the end of the day, Bitcoin truly represents American values. What does Bitcoin actually do? It allows people to have ownership and control of their assets, their digital assets, for the first time in history.” In pointing out that there remained substantial work to be done concerning U.S. crypto regulation, Worldpay’s Mina Khattak described the current digital assets business climate as challenging for companies who might worry about an ever-shifting regulatory landscape.Citing uneven SEC oversight, Khattak said “if you're going to market with a partner and they might be hit with the Wells Notice, for example, that creates a lot of reputational risk for a web two company.
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