ChainCatcher reports that, according to The Block, the Avalanche Policy Alliance has announced the formation of a new advisory committee, which will be led by Lee Schneider, General Counsel of Ava Labs, and includes members such as Chris Holmes, a member of the House of Lords, and several senior figures within the Avalanche ecosystem.
In 2026, the advisory committee will focus on three core issues: global token classification and intermediary definition, and internet access protection. Schneider stated that the committee was inspired by the four main entities already existing within the Avalanche ecosystem (Ava Labs, the Avalanche Foundation, and two treasury companies) and aims to ensure consistent efforts across the ecosystem at the policy level and promote the broader development of the blockchain and crypto industry.
Schneider emphasized that global regulatory coordination is crucial. While rules in different jurisdictions do not need to be exactly the same, establishing common general principles will help the industry develop. He pointed out that if the rules of major jurisdictions differ too much, blockchain or crypto companies will face operational disconnects when expanding into new markets or launching products with global applicability.
