DePIN becomes an important issue in the formulation of US encryption policy, IoTeX elected as co-chair of the Washington Blockchain Association's DePIN working group

The Washington Blockchain Association announced that DePIN has officially become an important issue in the formulation of US crypto policy. Larry Pang, the head of the IoTeX ecosystem, was elected as the co-chair of the DePIN working group of the association, and will lead the working group together with Jacob Hample from the Filecoin Foundation to promote the policy formulation of the DePIN industry in the US crypto field. Ron Hammond, the government relations director of the association, previously worked in the House of Representatives and pointed out that "the lack of clear crypto regulations in the US has left companies in a gray area, and even forced them to relocate to other countries." Hammond has been actively seeking solutions to help the US maintain its competitiveness in the global crypto industry. With the gradual clarification of regulatory clarity and industry standards, IoTeX is promoting the mainstream application of this technology in the US and globally through its deep expertise in the DePIN field.