The United States will set up a working group to support innovation in digital assets. The report is also supported by a new law aimed at promoting innovation in this area. According to the information available so far, this working group should be composed of representatives of the SEC and CFTC, as well as representatives of non-governmental entities (FinTech), financial firms, organizations or institutions engaged in academic research, investor protection organizations and others.
As many of you know, Republican leader K. McCarthy has recently spoken positively on this topic as well, as he wants the United States not to lag behind in this topic and to start understanding cryptocurrencies and Bitcoin much more. He made it clear that there is a need to improve the regulatory environment and added:
“They tried to ignore it to make it go away. This is something that those who regulate, those who are in government that make policy better start understanding what it means for the future.”
The working group is a relatively important step by the United States, as for companies such as Crypto Blockchain or Fintech, the problematic regulatory environment could soon be a thing of the past.