• About Us
  • Careers
  • Contact
No Result
View All Result
Saturday, July 12, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Kristin Smith Calls for More Open Processes in Crypto Regulation

22 February 2023
in Latest News, News
Reading Time: 4 mins read
105 3
Kristin Smith Calls for More Open Processes in Crypto Regulation

Kristin Smith, the CEO of the Blockchain Association, a Washington DC-based trade association representing more than 100 of the industry’s leading companies, has called for more transparency and openness in the regulatory process for digital assets such as cryptocurrencies. She said this during an interview with Bloomberg today, February 22, 2023. 

According to Smith, although the regulation of cryptocurrencies is progressing rapidly, the issue is that it lacks transparency. She emphasized the need for U.S. lawmakers to step up and take charge of crypto legislation instead of leaving it solely to regulators.

The White House has been working on stablecoin regulation since 2019 and there have been hearings from the Senate and Congress. Kristin is more optimistic that stablecoin regulation is going to happen in the United States.

Smith believes that the risks associated with cryptocurrency are quite different from traditional finance risks, so there needs to be a proper regulatory framework tailored to fit the sector. She said the authorities could work with companies like Chainalysis that monitor money laundering and other illegal activities on blockchains.

Jake Chervinsky, another member of the Blockchain Association and its Chief Policy Officer, in a Twitter thread, highlighted the hostile actions of US regulatory bodies towards the crypto industry. He believes that 2022 was a bad year for cryptocurrency, and the FTX crash further worsened things.

He also said that Congress is the appropriate body to decide the state of regulation but the Securities and Exchange Commission (SEC) and Commodity Future Trading Commission (CFTC) have stepped into it. He reiterated that no matter how much enforcement the CFTC or SEC does, it is only legal if Congress approves it.

Chervinsky also provided some insight on how to resist the enforcement “attack” and promote a better policy for digital assets. He mentioned legalisation as one of them, suggesting good ideas for laws that can work for crypto. Chervinsky expressed optimistic that crypto will continue to thrive in the United States despite the current challenges.

The Blockchain Association is a non-governmental organization that promotes a friendly environment and innovative policies for the digital asset economy. It has nearly 100 members, including investors, who collectively work towards the widespread adoption of digital assets.

The United States Securities and Exchange Commission (SEC) recently began a regulatory crackdown on the crypto industry, and its chairman, Gary Gensler, sent a clear message to U.S. crypto firms to comply with laws and regulations like other firms. This “war on crypto” has led to a $32 million loss in the crypto market within the first two months of 2023.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share62Tweet39Share11
Mopelola Ibitola

Mopelola Ibitola

Related Posts

source: dlnews.com
Crime

GMX Hacker Begins Returning $40M Stolen in DeFi Exploit After Accepting $5M Bounty

11 July 2025
source: ft.com
Crypto

Shanghai Explores Yuan-Backed Stablecoin Amid China’s Crypto Ban Shift

11 July 2025
source: finbold.com
Ethereum

BTCT Establishes $1M Ethereum Reserve in Strategic DeFi Shift

11 July 2025
source: forbes.com
Crime

Crypto Wallets Drained in Sophisticated Scam Posing as AI and Web3 Startups

11 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 2)

11 hours ago

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

3 days ago

Is Ethereum Losing the Yield Battle?

3 days ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

3 days ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

6 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

7 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

MultiBank Group Confirms $MBG Token TGE Set for July 22, 2025

bychainwire
11 July 2025
0

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture with Decentralized Finance Ecosystem

bychainwire
10 July 2025
0

$MBG Token Pre-Sale Set for July 15 — Only 7 million Tokens Available at $0.35

bychainwire
10 July 2025
0

NovaEx Launches with a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure

bychainwire
10 July 2025
0

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

bychainwire
9 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00