Part 6/7:
Paul Atkins, a figure closely associated with the Senate's conversations around crypto, articulates that the regulations currently in place can be overly complicated and burdensome, stifling capital formation. His calls to return to "common sense" regulation resonate with many industry insiders chasing straightforward guidelines that could drive institutional interest in cryptocurrency.
There are distinct challenges that need to be addressed, including how the U.S. can remain competitive in the global regulatory landscape. With frameworks in Europe under MICA and Singapore’s regulations, the U.S. risks losing its edge unless it puts forth a comprehensive and clear regulatory structure.