A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said on a panel at Money20/20.
LAS VEGAS — The passage of cryptocurrency legislation would put the U.S. “back in the game” in terms of competing with other nations that have already crafted frameworks to oversee digital asset activity, Sheila Warren, CEO of the Crypto Council for Innovation, said during a panel at the Money20/20 conference in Las Vegas on Sunday.
“It’s critical to get these bills across the line,” said Warren, referring to a pair of House bills, the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act of 2023. Passage of these bills “would be a very strong signal that the United States is not only open for business to do business with this industry and its asset class, but also has a regime in place that makes it highly competitive,” she said.
With other international jurisdictions moving forward with their own crypto regulations aimed at providing guidance and clarity to the space, the U.S. is at risk of falling behind, Warren explained.
