- The event tagged ‘Legislating Certainty for Cryptocurrencies,” will see experts discussing the best crypto regulatory framework for the U.S.
- Ripple Labs, Coinbase cryptocurrency exchange, Andreessen Horowitz, Nasdaq and many other highly reputed firms and crypto stakeholders will be in attendance.
- Meeting will cover private funding disclosures, ICO laws and more.
U.S lawmakers led by Rep. Warren Davidson (R), are set to hold a roundtable discussion with Wall Street officials, venture capitals and crypto-based startups, concerning how to regulate blockchain, cryptocurrency, and initial coin offerings (ICOs), according to a report by CNBC .
U.S Authorities and Wall Street Heavyweights Ready to End Crypto Regulatory Uncertainties
In a bid to end the regulatory uncertainties in the U.S cryptospace, Rep. Davidson will be hosting a meeting with stakeholders in the nation’s blockchain and cryptoassets industry.
Tagged ‘Legislating Certainty for Cryptocurrencies,” experts in the U.S digital assets ecosystem will share ideas on how to favorably regulate the nascent asset class.
The congressman who’s reportedly planning to introduce a House bill this year has made it clear that the suggestions of all attendees will be taken very seriously and used in developing a crypto regulatory framework that will not stifle innovation.
“Your input is critical to helping us preempt a heavy-handed regulatory approach that could stall innovation and kill the U.S ICO market,” Davidson wrote in a letter to invitees.
According to CNBC, Davidson has outlined the key topics that would be discussed at the event, including the best ways to foster investor protection from fraudulent crypto-based schemes, amongst other essential points.
At as now, leading venture capital firms Andreessen Horowitz and Union Square Ventures, Nasdaq, the U.S. Chamber of Commerce, as well as cryptocurrency projects Ripple, Circle and Coinbase have all confirmed they will attend the meeting.
The U.S Not Ready to be Left Behind on Innovation
Countries like South Korea, Japan, and even Malta, have decided to take the bull by its horns, putting in place laws to encourage the growth of their DLT and cryptocurrency industries.
Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC) has made his position clear that Bitcoin is the only cryptocurrency that is not a security, therefore all ICO projects must come under the SEC umbrella. The fact however remains that there is need for a more robust crypto regulatory framework and it appears the U.S is now moving to catch up with countries like Japan.