U.S. Urged to Act Quickly on Crypto Regulation Amid Global Competition

Experts at the Wyoming Blockchain Symposium underscored the pressing need for the United States to develop a robust regulatory framework for cryptocurrencies. Despite the European Union’s progress with the Markets in Crypto Assets (MiCA) regulation, panelists believe the U.S. can still catch up and seize an opportunity for market leadership. Sylvia Favretto, general counsel at Mysten Labs, highlighted the narrow window of opportunity, urging immediate action to avoid falling behind other regions like Europe, Asia-Pacific, and the Middle East.