The US is taking steps to become a global leader in crypto finance. The upcoming Fed conference will discuss stablecoins and decentralized finance.
Key Points of the Fed Conference
On October 21, the Federal Reserve will hold a conference focusing on stablecoins, decentralized finance, and new technologies. Fed Governor Christopher Waller emphasized the need to discuss the opportunities and challenges associated with new financial technologies.
Comparison with Other Countries
US leadership in cryptocurrency contrasts with the approach of other countries, such as China, which has imposed strict bans on cryptocurrencies, and the UK, which is grappling with confusing tax rules. The US is also implementing legislative initiatives like the GENIUS Act, which clarifies the regulatory framework for stablecoins.
Future of the Crypto Industry in the US
The US aims to simplify access to cryptocurrencies for both large corporations and average users. This includes initiatives meant to lower barriers to entry into Web3 and encourage user participation in the decentralized economy.
The US is actively working to improve access to cryptocurrencies, which could change the market and make the crypto industry more accessible to everyone.
