According to PANews, blockchain company Consensys has issued an open letter to the future President of the United States, calling for clear and supportive regulations for cryptocurrency and Web3. The letter emphasizes the need for transparent regulatory decisions to maintain the United States' global competitiveness while addressing consumer protection and illegal activities.
Consensys argues that the current regulatory uncertainty in the United States is hindering the development of blockchain technology. The company highlights that despite the global adoption of decentralized platforms, there is a lack of a comprehensive framework. Consensys points out that this gap in regulatory guidance leads to inconsistent enforcement actions and stifles innovation among businesses and developers.
