2 years ago
Kevin Reynolds is Editor successful Chief astatine CoinDesk. He owns bitcoin, ether, polygon and solana.
Crypto executives and lobbyists, successful the lack of national regulations, are moving with authorities lawmakers crossed the state to trade favorable legislation, the New York Times reported.
Many states, anxious to pull the jobs they deliberation the manufacture volition bring, are rushing to assistance the legislative wishes of the crypto companies.
The nonfiction cited caller money-transmission authorities successful Florida arsenic conscionable the latest illustration of crypto manufacture officials moving side-by-side with legislators to trade industry-friendly measures.
Some user advocates are disquieted that an accommodative cognition connected the portion of the states volition pb to regulations without capable extortion from crypto scams and risky practices.
More than 150 pieces of crypto-related authorities are presently pending earlier authorities legislatures and Puerto Rico, the Times said, citing an investigation by the National Conference of State Legislatures. In immoderate cases, legislators person utilized industry-suggested connection astir verbatim.
In New York, the manufacture is spending much than $140,000 per month, the Times said, authorities records show.
While the nonfiction is notable for its overview of the increasing powerfulness of the crypto manufacture astatine the authorities level, its publication, coming little than a period aft the Times published a blase and good done instauration to cryptocurrencies, it besides speaks to the mainstreaming of cryptocurrency successful the U.S. and a increasing involvement of accepted media successful covering it.
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Kevin Reynolds is Editor successful Chief astatine CoinDesk. He owns bitcoin, ether, polygon and solana.
Kevin Reynolds is Editor successful Chief astatine CoinDesk. He owns bitcoin, ether, polygon and solana.
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