As the U.S. anticipates a more crypto-supportive Congress, potential shifts in digital asset regulation are gaining attention.
Sandra Ro, CEO of Global Blockchain Business Council (GBBC), expects that the Stablecoin bill may be a priority among proposed crypto-related legislation.
In a recent discussion, Ro expressed both "relief" and "excitement" as she looked ahead to what 2025 might bring, describing the past decade in the industry as an "uphill battle."
Legislative Priorities for Digital Assets
Ro noted broad support within the digital asset industry for the Stablecoin bill, which aims to clarify regulations surrounding stablecoins in the U.S.
She also pointed to Lummis' Bitcoin Reserve Bill, which "should not be controversial," though its path remains uncertain. Another critical issue for Ro and the GBBC involves the possible repeal of SAB121, which Ro stated the SEC may need to reconsider or "walk… back entirely."
The GBBC is actively engaging with bipartisan advisors to advance education on digital assets across Congress and federal agencies. Ro explained that her team is working with advisors from both parties to broaden educational efforts on Capitol Hill and within federal agencies, as GBBC's focus includes multiple industries, from global supply chains to energy security.
Calls for Balanced Representation
As discussions around regulation grow, Ro called for "balanced views" in shaping U.S. crypto policy, stressing that decision-making should reflect a broad spectrum of voices, not only those "who donated the most to crypto PACs." She emphasized that the community of digital asset leaders is diverse and includes more than just high-profile investors and donors. GBBC remains dedicated to fostering perspectives that represent this broader community.
Ro shared her thoughts on upcoming bills in a recent LinkedIn post, accessible here. At the Benzinga Future of Digital Assets event, Ro is expected to expand on these topics as the industry prepares for potential regulatory changes that could shape the future of digital finance in the U.S.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga's Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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