U.S. Crypto Regulation on Track Despite SEC Enforcement Actions

• Recent enforcement actions by the SEC have raised questions regarding the future of U.S. crypto regulation.
• According to Jeff Zelkowitz, Executive Vice President at APCO Worldwide, there is a desire among U.S. lawmakers to get something done.
• Zelkowitz shared his U.S. regulatory outlook in CoinMarketCap’s 2023 Crypto Playbook and believes that policymakers are making concerted efforts in the right direction.

U.S. Crypto Regulation on Track Despite Recent SEC Enforcement Actions

Regulatory Outlook from Jeff Zelkowitz of APCO Worldwide

Jeff Zelkowitz, Executive Vice President at APCO Worldwide, shared his U.S regulatory outlook in CoinMarketCap’s 2023 Crypto Playbook despite recent enforcement actions by the SEC against Kraken and Paxos raising questions regarding the future of U.S crypto regulation.

U.S Policymakers Aim to Reinforce American Leadership

According to Zelkowitz, there is a desire from both political parties to cement U.S financial dominance using technology while also tackling bad actors who could take advantage of the digital assets ecosystem and its lack of unified regulations across different state and federal financial regulators applying existing legislation with an overlap that creates friction between them, making compliance difficult for legitimate players in the space .

White House Executive Order & Senators Gillibrand & Booker’s Proposal

The White House issued an executive order as well as Senators Gillibrand and Booker proposing a bill aimed at creating uniform regulations for digital assets and clarifying their legal treatment under securities laws which would help address some of these issues related to compliance .

Conclusion: Appetite & Willingness Among US Lawmakers To Get Something Done

While there is still much work needed for this issue to be resolved completely, there remains an appetite and willingness among US lawmakers to get something done that would reinforce American leadership in the global financial system while also protecting it against bad actors who might seek to take advantage of its current state .