In the rapid emerging world of cryptocurrency, regulatory regulations, legal battles and groundbreaking policies are shaping the future of the industry.
The premiere episode of The clear crypto podcast Through Cointelegraph and Starkware brings a legal expert who specializes in the crypto industry to help light the state of crypto regulation in the US, ongoing implementation actions and the growing role of Bitcoin in government reserves.
Crypto regulation in flux
Using the Securities and Exchange Commission (SEC) under a modified leadership in the Trump administration, the regulation that landscape is undergoing significant changes. High profile suits against Coinbase, Consensys, Binance and Tron have either been fixed or collapsed, which signed a new chapter for the industry.
Multimedia’s cointelegraph leader Gareth Jenkinson emphasized the importance of these changes, noting how implementation actions play an important role in shaping the approaching approach to compliance industry.
He remembered past conversations with Consensys CEO and Ethereum co-founder Joe Lubin saying:
“If no one takes a legal battle with the SEC, the industry will be fixed to the ground and it will be just a desert.”
The recent wave of case closure, including investigations into Uniswap, Opensea and Gemini, marks a strong removal from the previous SEC’s previous approach.
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Lawyers as defenders of change
Katherine Kirkpatrick Bos, general starkware advice, has also been touched by the important role of legal professionals in the space at this important moment.
“The true value of a crypto attorney is to be -publishing, evaluating risks, and ensuring that companies will remain compliant while enabling change.”
He emphasized integrity within the legal crypto community, saying, “Most crypto lawyers are here for the right reasons – to protect the builders and facilitate growth. Of course, evil actors exist, but the wider industry operates a high level of integrity.”
Keeping up in a fast industry
In the regulations of transfers, the legal battles and policy measures that present at an unprecedented speed, staying knowledgeable are more difficult than ever before. “Three massive news events happened in just three weeks – the Libra Memecoin scandal, the Bitcoin Reserve’s proposal, and the Bybit Hack,” Jenkinson said. “In crypto, you can’t sleep. You need a 24 -hour news operation to maintain.”
As the US moves toward potential regulation regulations and adoption of the Bitcoin institution, industry participants must remain vigilant.
If monitoring tax policy changes, monitoring of execution actions or preparations for a future Bitcoin financial financial financial, landscape is moving rapidly. And for those who have navigated it, understanding these changes is not only useful, it is important.
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