and FTX insolvency are two major events that have added regulatory pressure to lawmakers, further ensuring regulation will remain top of mind in 2023.
Once these hurdles have been overcome, retail investors can find more tangible use cases through lending and borrowing against on-chain collateral or engaging in derivatives activities powered by trustless smart contracts. Institutions could also move into the DeFi space, providing lending and market-making initiatives while selecting the most secure partners to do so.
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How the Crypto Industry Can Move Forward in 2023U.S. officials in the Biden administration published a statement on Friday urging Congress to “step up its efforts” with respect to regulating the cryptocurrency market. Chamber of Digital Commerce Founder and CEO Perianne Boring weighs in on the state of U.S. crypto regulation and the 'critical role' of Congress to provide oversight of U.S. regulators. FTX_Official DigitalChamber PerianneDC In 2022, it was certainly not boring. 😉 FTX_Official DigitalChamber PerianneDC Big Pharma gets a seat at the table for self-regulation, but the digital asset industry gets absolutely nothing. Cool, makes sense. Especially when its a non-us based firm we are talking about. DeFiloud FTX_Official DigitalChamber PerianneDC 🚀
Source: CoinDesk - 🏆 291. / 63 Read more »