Panelists at the Wyoming Blockchain Symposium said it’s not too late for the US to keep up with the framework of cryptographic regulation in other regions, but warned that omissions could lead to stagnation and that the US could fall behind other countries.
“Even the European Union’s Crypto Assets (MICA) market doesn’t seem too late,” said Sylvia Favretto, general counsel and corporate secretary at Mysten Labs, the developer behind the SUI network.
However, she added that the window of opportunity was “small” and prompted immediate action. “We are pleased to announce that Ripple’s Chief Legal Officer, Stuart Aldeoty, “We are pleased to announce that we are offering a range of services and services that will lead to a wide range of services.”
“I think we’ll win if we seize opportunities and get the market structure right now. If we don’t get the right market structure and the Switch returns to a more hostile policy and regulatory environment, we think there’s a very reliable risk of losing to the EU, APAC, or even the Middle East.”
CNBC host Talia Kaplan, depicted from left to right, is moderator Miles Jennings, policy director for A16Z, Miles Jennings, CEO of the Blockchain Association, Stuart Aldelory, Chief Justice of Ripple, Sylvia Fablelett and advisor to Masten Labs. sauce: Wyoming Blockchain Symposium
Summer Mersinger, CEO of the Blockchain Association, the Crypto Advocacy Group, warned that the path to regulatory clarity could be “a long process” as U.S. lawmakers and regulators will be a consensus on cohesive crypto policy ahead of the 2026 midterm elections.
Related: Key Republican senators expect democratic support for the US crypto market structure bill
The window of opportunity for US cryptography clarity is narrowing
The 2024 US election gave Republicans control of both the administrative and Congressional Congress, giving the Trump administration a great deal of room in passing a policy of promoting custody.
However, Republicans have secured a majority in Congress with a small margin that has narrowed since 2024.
Republicans make up the majority of seven seats in the House and have an eight-seat majority in the Senate heading for the 2026 midterm elections.
Joe Doll, the general counsel for Magic Eden, the Impossible Token (NFT) Marketplace, told Cointregraph that the Trump administration only lasts two years to enact meaningful crypto regulations.
Doll said that the balance of power would normally shift to opponents during midterm elections, warning that Congress on patrols could halt US crypto regulations.
Malta Belcher, chairman of the Blockchain Association’s board, repeatedly warned the dolls, adding that regulatory policies would also be difficult to pass parliament towards a medium-term election year, as representatives focus on reelection campaigns.
magazine: Crypto voters are already disrupting the 2024 election – and it is expected to continue
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