Despite recent SEC enforcement actions against Kraken and Paxos, Jeff Zelkowitz, Executive Vice President at APCO Worldwide, said there is appetite and willingness among U.S. lawmakers to “get something done.”
Zelkowitz shared his U.S. regulatory outlook in CoinMarketCap’s 2023 Crypto Playbook. The Playbook covered what may lie ahead for various sectors, including DeFi and user adoption, according to leading figures in the space.
Crypto regulation was a pressing issue last year, featuring numerous flash points such as the Tornado Cash sanctions and the EU’s Markets in Crypto-Assets (MiCA) legislation singling out stablecoins.
For 2023, Zelkowitz concedes there is a long road ahead, but he sees lawmakers making concerted efforts in the right direction.
U.S. crypto regulation is a mess
Recent enforcement actions have fostered the narrative that the SEC is hellbent on hampering the U.S. crypto industry, ultimately driving innovation to friendlier jurisdictions.
However, Zelkowitz
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