n the following report by the blockchain association, the association enunciates the changes of significance required for the development of the US crypto industry. Furthermore, They focus on the need for building a holistic policy environment and addressing exclusions in banking that has impacted crypto companies. The association which groups over 100 firms in the industry aims at making America a world power in crypto.
Banking and Regulation
One of the main goals is to put an end to so-called ‘debanking’ of crypto companies who lost access to banking services in recent years. The associations reffers to recent actions taken by the FDIC that seeks to limit the banking amenities accessible to crypto firms and makes an appeal for the discontinuation of the “regulation-by-enforcement” approach that has caused a good deal of confusion in the market.
Leadership Changes
The group asks for new leadership especially at the SEC after Gensler is set to leave the commission and will potentially be replaced by someone which is more open about the crypto sector. They stress on transparency of the tax regulations and suggest to form a state and private sector council for working out the balanced policies.
US Crypto Edge at Risk
The association highlights these reforms as necessary to keep the US relevant in the global race for crypto innovation, stating that if America does not act fast, it could fall behind other countries technologically.
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