U.S. Urged to Address Blockchain Regulations for Digital Asset Leadership

Congressional Responsibilities in Blockchain Policy

The landscape of traditional financial regulations is evolving as blockchain technology progresses into mainstream finance. CEO of Provenance Blockchain Labs, Anthony Moro, stresses the importance of regulatory clarity to position the U.S. as a frontrunner in the digital asset space. Moro, set to speak at the Benzinga Future of Digital Assets event, emphasizes the pressing need for updated regulations tailored to blockchain and digital assets.

Banks’ Role in Digital Asset Custody

A key regulatory obstacle, as Moro points out, is the current restrictions on U.S. banks in handling digital assets. Allowing banks to engage in digital asset custody and transactions could promote blockchain adoption and provide consumers with access to more efficient technology at a lower cost. Moro believes that a proactive approach from Congress could open the door to constructive dialogue and regulatory clarity.

Enhancing Blockchain Accessibility for Institutions and Consumers

Moro envisions U.S. supremacy in blockchain through a well-balanced regulatory framework that caters to both financial institutions and consumers. By fostering inclusivity in the digital asset space, Moro proposes aligning contemporary blockchain applications with existing structures to maximize efficiency and transparency.

As Moro gears up to delve deeper into these issues at the Benzinga Future of Digital Assets event, he remains hopeful that forward-thinking discussions in Congress could propel blockchain technology towards global leadership in Web 3.0 and digital finance.

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As the digital asset market matures, regulatory shifts, M&A activities, and adoption trends will shape its future trajectory. Benzinga’s Future of Digital Assets event in New York City this November presents an opportunity for industry leaders and investors to explore these developments, shedding light on the evolving regulatory landscape and market dynamics.

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