US media: Crypto industry establishes "command center" in Washington, accelerating the push for regulatory legitimization.

This article is machine translated
Show original

According to BlockBeats, on May 23, The Information reported that the US crypto industry is accelerating its "legalization" strategy in Washington. Multiple crypto companies, industry associations, and lobbying organizations have established a closer coordination network to focus on promoting legislation on key issues such as stablecoin regulation, crypto market structure legislation, and ETFs.

The report states that as the Trump administration's attitude towards crypto becomes more friendly and support within Congress strengthens, the industry is attempting to seize the window of opportunity to formally integrate crypto assets into the mainstream US financial system. Some industry insiders even call this stage "a crucial moment for the crypto industry to enter the core of the US system."

The report also points out that leading institutions such as Coinbase and a16z crypto are continuously expanding their policy influence in Washington, pushing the regulatory framework to shift from "repression" to "regulation and acceptance" through political donations, lobbying teams, and industry alliances.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments