Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President
Blockchain software firm Consensys is begging for clear crypto regulations in an open letter to the next US President.
In the letter, Consensys says regardless of who wins the upcoming presidential election, the path the government is currently taking toward regulating the crypto industry – which includes taking enforcement actions against law-abiding companies – is wrong.
“There is nothing more crucial to a flourishing crypto ecosystem than a clear and workable regulatory framework defining how intermediaries that engage with customers operate. Yet, in contrast to the rest of the Organization for Economic Co-Operation and Development (OECD), clear executive action has proven elusive in the United States.
In its…
