The Crypto Council for Innovation is urging President Donald Trump to enact regulatory changes in the cryptocurrency sector to maintain the competitiveness of the US. This call for a regulatory reset will be discussed in a hearing involving industry leaders, policymakers, and financial experts, with the aim of creating a ‘Golden Age’ for digital assets. The hearing will address blockchain use cases, the impact of President Joe Biden's administration on the industry, and the need for consumer protection regulations and other legislation to unlock the potential of crypto in the US. Key participants include representatives from PayPal, Kraken, and Harvard University. The president of the Crypto Council for Innovation highlighted the risk of the US falling behind international competitors without clear regulations. Four legislative priorities were outlined, including comprehensive market structure and stablecoin legislation, increased coordination between regulatory bodies, and support for decentralized finance. The SEC, CFTC, and FDIC are also working to attract crypto businesses back to the US. A former Chair of the CFTC expressed a preference for rulemaking and clarity over regulation by enforcement, critiqued stablecoin bills, and refuted claims that digital assets are mainly used for illicit activities.



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