Blockchain arms race risks being won by ‘adversarial nations’ — US crypto lobby group

On a similar note, the company mentioned the possible BRICS digital currency and other advancements regarding gold-backed digital currencies by Russia and Iran.The quick concluded that regulatory and legal opacity in the U.S. is “hindering the nations capability to lead and take advantage of this development revolution,” including:” This abdication is significantly obstructing domestic development and delivering advantages to other countries at the expense of the U.S. innovator and investor. The crypto advocacy group desires a similar strategy on digital possessions and blockchain innovation, which “desperately requires consensus in the wake of other nations advances. Clear definitions of #digitalassets will supply much-needed certainty for financiers, customers, and organizations while flourishing development in the U.S. pic.twitter.com/LuLqutVMr1— Chamber of Digital Commerce (@DigitalChamber) May 18, 2023

Meanwhile, the Securities and Exchange Commission stays determined that the existing guidelines that were formed years ago still use to this brand-new type of digital finance and its hidden technology.Magazine: $3.4 B of Bitcoin in a popcorn tin– The Silk Road hackers story

A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle and Fidelity has prompted the United States Congress to pass a legal structure for digital possessions or risk falling behind other nations.On May 19, the U.S. Chamber of Digital Commerce sent a call to action to Congress and the Senate to focus on passing a national method to crypto regulation.The company included that it requests that Congress organize a “Digital Asset and Blockchain Technology Solarium Commission” to establish a “nationwide strategic method to digital possessions and blockchain innovation” in the U.S.There was a plain warning that failure to act would enable “adversarial nations” to advance their activities in the space that “threaten U.S. management and dollar primacy.” Excerpt of Chamber of Digital Commerce call to action.– Chamber of Digital Commerce (@DigitalChamber) May 18, 2023