CandleFocus Consensys appeals for pro-web3 regulation in open letter to future US president
2024-10-24
Author: Content Editor
Blockchain infrastructure provider Consensys has written an open letter to the next U.S. president, calling for a regulatory framework that supports blockchain innovation. The letter highlights concerns over the fragmented approach to crypto regulation in the United States, which Consensys argues allows room for bad actors to proliferate. The company outlined three core imperatives for the incoming administration: ensuring regulatory transparency, enhancing consumer protection, and encouraging technological development in the blockchain space. Consensys urges collaboration between Congress and regulatory bodies to define clear rules that allow for legitimate participation in the blockchain ecosystem. The company is not alone in seeking regulatory clarity, as other blockchain companies and investors have also voiced similar concerns.
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