Financial Heavyweights and Lawmakers to Discuss Crypto Regulation

Financial Heavyweights and Lawmakers to Discuss Crypto Regulation

Legislating Certainty for Cryptocurrencies: a meeting that will be presided by Ohio Representative Warren Davidson is set to take place this week. The US legislator is working on a bill which is due to be introduced by fall this year. The bill, delving in digital assets, will be the very first in the country.

Industry leaders and companies have expressed the urgency to update conventional laws to accommodate cryptocurrency. They also desire to be provided with guidelines that are clear, and at the same time, concise.

Davidson’s aim for this bill is to forestall harsh regulations to help boost innovation and safeguard the integrity of ICOs. He will be asking attendees for expert opinions on how to oversee the crypto space. Queries on consumer protection will also be discussed.

Along with his fellow legislators, confirmed participants of the meeting will include Circle, Coinbase, and Ripple, and delegates from NASDAQ, Andreessen Horowitz, and Union Square Ventures.

ConsenSys lawyer and attendee, Patrick Berarducci articulates the importance of this Tuesday meeting:

There are a lot of regulators wanting to develop ‘do no harm’ policies to allow innovation to grow, just like they did in the internet era.

Patrick Berarducci, the Deputy General Counsel at ConsenSys and Co-Chair of The Brooklyn Project

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