Paxos CEO urges Harris, Trump to enact pro-crypto regulations before US election

According to a report by The Block, a week before the US election, Paxos CEO Charles Cascarilla urged US presidential candidates Harris and Trump to establish a more friendly regulatory environment for digital assets and create a regulatory framework for stablecoins. In a letter sent to the two candidates on Tuesday, Cascarilla stated: "As the CEO and co-founder of Paxos, one of the leading companies in the tokenization and blockchain infrastructure space, I urge you to implement a more welcoming and clearer regulatory environment for digital assets." Cascarilla also warned that if the next administration fails to follow through, the future of financial regulation may be at risk. He also criticized the current cryptocurrency regulatory environment, calling it "unsuitable for financial innovation".