BTC NOON
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Regulations
  • Altcoin
  • DeFi
  • Web 3.0
No Result
View All Result
BTC NOON
No Result
View All Result
Home Cryptocurrency

Crypto needs a global view to build better regulatory models

Xiao Chen Sun by Xiao Chen Sun
May 11, 2023
in Cryptocurrency
0
Crypto needs a global view to build better regulatory models
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

‘There needs to be a health warning’: How crypto trading can lead to addiction

Tron Explodes 10% Daily, Bitcoin Stable at $27K (Weekend Watch)

CleanSpark’s Latest Update Reveals Major Boost In BTC Mined Due To Fees

The crypto business is more and more fearful that U.S. regulators are clamping down too exhausting on the house. Predictably, that’s making firms within the house look outward to areas which have clearer pointers in place, and it appears there are classes the business, and regulators all over the world, can be taught from trying past their borders.

“Hopefully, we’ll see the U.S. take a stand,” Denelle Dixon, CEO and govt director of the Stellar Growth Basis, informed TechCrunch+ at Consensus 2023. “If we don’t, there’s going to be numerous chaos.”

She’s not the one one who thinks so. Rebecca Rettig, chief coverage officer of the layer-2 blockchain Polygon, informed TechCrunch+ that she spends numerous time in D.C. to satisfy coverage makers, regulatory businesses and different teams for a wide range of causes. Some conversations are to assist educate folks, whereas others are “urgent” conferences over crypto coverage. “We have now a giant divide between business and regulators, and to bridge that hole, business has to maneuver a bit.”

Among the many conversations in Congress: market construction, stablecoins and the business after FTX’s collapse.

“Regulators are making use of the legislation as it’s written as we speak and as they see it.” Rebecca Rettig, chief coverage officer, Polygon

“Regulators are making use of the legislation as it’s written as we speak and as they see it,” Rettig mentioned. “That’s why we’ve seen some hostility, or a ‘regulatory crackdown,’ as individuals are calling it. The business wants to know that they should adjust to the ethos we’re speaking about the place there aren’t intermediaries.”

Regulators and coverage makers additionally need to see nonfinancial use instances for crypto. Final month, Polygon launched a crowdsourced database known as Group Coverage Initiative No. 1, which goals to share real-world use instances of web3, starting from social affect to gaming purposes. The database will likely be printed as soon as it has collected sufficient from the group, in accordance with its website.

“As a result of we’re constructing utility across the know-how, I believe we’re going to see curiosity and acceptance from regulators all over the world, together with the U.S.,” Dixon mentioned. “It’s about exhibiting we’re fixing issues.”



Source link

Tags: buildCryptoglobalmodelsRegulatoryView
Share30Tweet19
Xiao Chen Sun

Xiao Chen Sun

Recommended For You

‘There needs to be a health warning’: How crypto trading can lead to addiction

by Xiao Chen Sun
June 3, 2023
0
‘There needs to be a health warning’: How crypto trading can lead to addiction

Within the circle of a remedy session in an 18th century Scottish nation home are half-a-dozen recovering addicts. Many recall, at their lowest factors, battling power despair and...

Read more

Tron Explodes 10% Daily, Bitcoin Stable at $27K (Weekend Watch)

by Xiao Chen Sun
June 3, 2023
0
Bitcoin Soars Above $26K on Fed’s $300B Injenction into US Banks (Market Watch)

Bitcoin’s worth has settled at round $27,000 after dipping beneath that degree on just a few events through the working week. Most altcoins are additionally quiet at this...

Read more

CleanSpark’s Latest Update Reveals Major Boost In BTC Mined Due To Fees

by Xiao Chen Sun
June 2, 2023
0
CleanSpark’s Latest Update Reveals Major Boost In BTC Mined Due To Fees

CleanSpark, Inc., a publicly traded bitcoin mining firm, has launched its Might 2023 bitcoin mining and operations replace, revealing important progress in each its bitcoin holdings and income....

Read more

Monthly crypto exchange volume tumbled in May, hitting 32-month low

by Xiao Chen Sun
June 2, 2023
0
Monthly crypto exchange volume tumbled in May, hitting 32-month low

Observe me on Twitter @Jacqmelinek for breaking crypto information, memes and extra. Welcome again to Chain Response. Though there are quite a lot of builders within the crypto...

Read more

Binance loses market share after regulatory clampdown

by Xiao Chen Sun
June 2, 2023
0
Binance loses market share after regulatory clampdown

Binance, the world’s largest cryptocurrency trade, has misplaced 1 / 4 of its market share up to now three months as a US watchdog pursues it for alleged...

Read more
Next Post
PEPE Whale Puts Attention to Turbo

PEPE Whale Puts Attention to Turbo

Related News

Translating the Ethereum Foundation blog

Translating the Ethereum Foundation blog

April 7, 2023
Bitcoin ‘ESR’ Continues To Show Bullish Divergence, Will Price Follow?

Bitcoin ‘ESR’ Continues To Show Bullish Divergence, Will Price Follow?

April 24, 2023
3 takeaways from the European Union’s MiCA regulations

3 takeaways from the European Union’s MiCA regulations

May 11, 2023

Browse by Category

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • DeFi
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • News
  • Regulations
  • Uncategorized
  • Web 3.0

Find Via Tags

Altcoin Analyst Bank Binance Bitcoin Blockchain Blog BTC Chain Coinbase Crypto data DeFi digital DOGEcoin ETH Ethereum Exchange Fees finance Foundation FTX Heres high IBM Investors Launches market million Network NFT Platform Polygon potential Price Protocol Regulatory Report SEC support Token Top Trading Upgrade Web3

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • DeFi
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • News
  • Regulations
  • Uncategorized
  • Web 3.0

Recommended

  • Popular Crypto Analyst Bullish on One Ethereum-Based Altcoin, Says It’s Showing ‘Solid Strength’
  • These Bitcoin metrics signal potential bull run as…
  • OpenAI CTO’s Twitter Account Hacked, Used to Promote Fake $OPENAI Crypto Airdrop
  • ‘There needs to be a health warning’: How crypto trading can lead to addiction
  • Bitcoin and Ethereum succumb to TradFi – What now?

© 2023 BTC NOON | All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Regulations
  • Altcoin
  • DeFi
  • Web 3.0

© 2023 BTC NOON | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?