December 22, 2024

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Washington D.C. Blockchain Summit Emphasizes Regulation and Innovation | Digital Watch Observatory

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The event highlighted the importance of collaboration between the blockchain industry and policymakers for practical regulatory approaches.

Key policymakers, industry leaders, and blockchain innovators convened in Washington, D.C., for the Blockchain Association’s third annual Policy Summit. Held from 16 to 17 December 2024, the event explored the intersection of blockchain innovation, regulatory clarity, and national security, drawing prominent figures such as House Majority Whip Tom Emmer, Congressman Mike Flood, and Congressman Wiley Nickel.

The discussions centred on regulating stablecoins, securities laws, and oversight by agencies like the Securities and Exchange Commission (SEC). Participants emphasised the need for balanced regulation to foster innovation while ensuring national security. Congressman Mike Flood highlighted the importance of state and federal collaboration, expressing optimism about partnerships between the SEC and the Commodity Futures Trading Commission (CFTC).

President-elect Donald Trump addressed attendees via video, affirming his administration’s support for blockchain technology and its role in bolstering national security. Industry representatives, including decentralised projects like CESS, Filecoin, and Helium, showcased the potential of blockchain to safeguard sensitive information and enhance privacy. Calls for practical regulatory approaches echoed throughout the summit, reflecting the industry’s commitment to progress through cooperation with policymakers.

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