The US will lose global lead in the blockchain if regulations are not passed as soon as possible
Panelists in the Wyoming Blockchain Symposium said it was not late for the United States to catch up with the frameworks of crypto regulation in other regions, but it was warned that inaction could lead to disruption and the US falling behind other countries.
“I don’t think it’s too late, even in the Crypto Assets (MICA) markets in the European Union (EU),” Sylvia Favretto, General Counsel and Corporate Secretary at Mysten Labs, the developer behind the SUI Network, Says.
However, he added that the Opportunity window was “small” and urged immediate action. Stuart Alderoty, Chief Legal Officer at Ripple, said:
“If we occupy the opportunity now and the market structure is right, I think we have won. If we do not get the market structure correctly and the switch is returning to a more aggressive policy or regulation environment, I think there is a very believable risk that we will be lost in the EU, in APAC, or perhaps even in the Middle East.”
The heater Mersinger, CEO of the Blockchain Association, a crypto advocacy team, warned that the path to regulatory clarity was “could be a long process,” because US lawmakers and regulatory officials arrived in a consensus in coolesive crypto policy leading to 2026 Midterm elections.
Related: Key Republican senator expects democratic support for the US Crypto Market Structure Bill
The window of opportunity for crypto clarity in the US is narrow
Provided by election in 2024 US Control of Republicans of the Executive Branch and the same Chamber of Congress, which gives Trump management a large leeway to the passage of pro-crypto regulation policies.
However, the Republican Party secured the majority of Congress through a slim margin narrowing since 2024.
Republicans have a Most of seven seats in the House of Representative and holds eight-seats in the Senate to the 2026 midterm elections.
Joe Doll, general counselor in the Non-Fungible Token (NFT) Marketplace Magic Eden, told Cointelegraph that the Trump administration only has Two years to make significant crypto regulations.
Doll said the balance of power usually changes to the other party during the midterm election and warned that a gridlocked legislature could Stall Crypto regulations In the US.
Marta Belcher, board president of the Blockchain Association, warned the doll warning, added that the regulatory policy was also difficult to go through the legislature to the lead-up year of the midterm election, as representatives focus on their re-election campaigns.
Magazine: Crypto voters are already disturbing the election of 2024 – and are set to continue
