Block Global Head of Bitcoin Policy Melissa Netram discusses some of the hurdles in establishing a regulatory framework for crypto in the U.S. "You will see a lot of pieces of legislation and regulation trying to solve the problem for today," Netram said.
I think that one of the challenges here in the US is that once you can get that certainty, once you can get more understanding by the regulators of how crypto fits how Bitcoin fits into the market, then you can start thinking about it. You know, I think back on how we've come from financial services industry, right? I grew up in the financial services industry, going back to the Dodd Frank Act, right? And in the Dodd Frank Act, we had a number of people that wanted to solve a problem because there was a crisis happening. There weren't any tech companies at the table because let's be honest there, Fintech wasn't big crypto was, was just starting. Um And so they didn't envision a world in which that type of change and that type of evolution would fit there. I think what we'll see is you'll see a lot of pieces of legislation and regulation trying to solve the problem for today. The issue is that unfortunately, technology moves so much faster than in policy than regulation than legislation. And so we have to build more of a principles based approach in order to enable this innovation to continue to grow.