In the present day at 9:30am EST, Kraken’s Chief Authorized Officer Marco Santori will seem earlier than the U.S. Home of Representatives in a landmark joint listening to entitled “The Way forward for Digital Belongings: Closing the Regulatory Gaps within the Digital Asset Ecosystem.”
“Advocating for the potential, and advantages, of crypto asset expertise is central to our mission. We’re working in partnership with lawmakers within the U.S., and different jurisdictions we function in, to assist facilitate workable frameworks for digital belongings to thrive,” stated Santori. “Forcing this rising expertise and rising world asset class into current U.S. securities guidelines with out modifications merely doesn’t work.”
On this dwell testimony, Santori will clarify how the established order within the U.S. is untenable for crypto corporations and fails to adequately defend customers. He’ll additionally define why now could be the time for U.S. legislators to enact an efficient regulatory framework, and can make the case for U.S. regulators to work with counterparts in different developed and rising economies to create a coherent world framework for our markets.
Extra particulars in regards to the listening to will be discovered on the U.S. Home of Representatives touchdown web page.
You possibly can watch the listening to dwell on the Subcommittee’s YouTube channel at 9:30am EST: