US Needs ‘Rules of the Road’ for Crypto or Risk Falling Behind in Market Leadership

“If you want broad adoption of crypto, you need rules of the road,” Jeng said, and the U.S. is “unfortunately lagging behind.”

Jeng, a Georgetown University law professor and former regulator for the U.S. Securities and Exchange Commission , said the U.S. must come up with its own rules if it wants to be the leader in crypto innovation. She said legislation is moving at a quicker pace in other parts of the world. For example, the European Union’s

, if adopted, would give its 27 member countries more robust crypto rules. A vote on of the legislation, however, has been postponed until April.

crypto_council LindaJeng1 _franvela Oh boy, I guess it's time to buckle up and get ready for the crypto roller coaster 🎢🤪 After all, without clear regulations, the US is in danger of missing out on the power of decentralization and blockchain technology

crypto_council LindaJeng1 _franvela

crypto_council LindaJeng1 _franvela Shut up and do it.

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Crypto Council for Innovation Exec: US 'Lagging Behind' in Crypto RegulationAs the European Union's sweeping Market in Crypto-Assets legislation, also known as MiCA, is moving towards becoming law, Linda Jeng, Chief Global Regulatory Officer at the advocacy group Crypto Council for Innovation, discusses the global state of crypto policy. 'If [the U.S.] wants to be the leading digital economy of the world, then we need rules of the road,' Jeng said. 'Not just for crypto, but also for our private data.'[reward]da726db5-7ae5-45a2-a725-3b2089a17ddb[/reward] crypto_council trondao SquidGrow Squid_Grow 🐳🎦👀🔌⚡ crypto_council trondao At this point you would have to say the Us lagging is intentional. crypto_council trondao If the U.S. is behind, it's because a16z, & its dick-puppet the crypto_council (sheila_warren ), continue to use DeFi for wide pump-&-dump schemes exclusively designed to enrich a16z & evade taxes at the expense of countless retail investors & taxpayers - SenWarren IRS_CI
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