The panelists agreed that it is not too late for the US to catch up to other jurisdictions, but urged swift crypto regulatory legislation.
Panelists at the Wyoming Blockchain Symposium said it is not too late for the United States to catch up to the crypto regulatory frameworks in other regions, but warned that inaction might lead to stagnation and the US falling behind other countries.
“I don’t think it’s too late, even with the Markets in Crypto Assets (MiCA) in the European Union (EU),” Sylvia Favretto, general counsel and corporate secretary at Mysten Labs, the developer behind the Sui network, said.
However, she added that the window of opportunity is “small” and urged immediate action. Stuart Alderoty, chief legal officer at Ripple, said:
