Arizona, Texas, Utah leading in US crypto policy: Chainlink

8 hours ago

Arizona, Texas and Utah person been recognized arsenic the starring US states successful presumption of cryptocurrency regulations, arsenic capitalist attraction is turning to the US “Crypto Week,” which whitethorn spot the transition of 3 cardinal pieces of legislation.

Arizona, Texas, and Utah are presently starring the federation successful blockchain argumentation and person been recognized arsenic “trailblazers” successful the field, according to the “Tokenized successful America” probe report by Chainlink and the Blockchain Association.

The study evaluated the states based connected their government-led blockchain pilots, progressive pro-crypto task forces, authorities legislature support, blockchain workforce concentration, strategical Bitcoin (BTC) reserve initiatives and whether they are an progressive subordinate of the North American Blockchain Association (NABA).

“Texas, Arizona, and Utah earned Trailblazer presumption for their spot successful some argumentation and ecosystem development,” the study noted, adding that different starring states, including “North Carolina, California, New Hampshire, and Wyoming, show beardown engagement crossed respective scorecard categories.”

“With truthful overmuch occurring astatine the national level, we cannot place the important enactment occurring successful the states,” wrote Adam Minehardt, caput of argumentation for Chainlink Labs.

He added: “Tokenized successful America is helping radiance a airy connected the important relation these states are playing erstwhile it comes to integer assets, providing penetration into the opportunities and challenges that prevarication ahead.”

At slightest 50% of US states person beardown legislature typical enactment connected blockchain policy, portion 36% person an progressive pro-crypto task force.

Over 22% of the states person an progressive blockchain aviator program, portion 16% person enacted oregon are presently pursuing a strategic Bitcoin reserve.

US Crypto Week sets capitalist expectations for caller crypto regulations

The regulatory scorecard was released during a important week for blockchain regulation, dubbed by the US authorities arsenic “Crypto Week.”

This week “marks a turning point, with respective bills expected to walk that volition supply much-needed clarity for the industry,” according to Farzam Ehsani, the co-founder of crypto trading level VALR.

“This was unthinkable conscionable past year. I expect galore much countries to travel suit. Times are changing quickly,” helium told Cointelegraph.

US lawmakers are seeking to walk 3 cardinal cryptocurrency bills aiming to bolster manufacture betterment and connection much clarity for stablecoin issuers: the Guiding and Establishing National Innovation for US Stablecoins, oregon GENIUS Act, the Digital Asset Market Clarity Act (CLARITY Act) and the Anti-CBDC Surveillance State Act, which seeks to forestall the instauration of a central slope integer currency (CBDC).

While manufacture leaders person stated that the CLARITY Act is acold from perfect, its transition done Congress whitethorn assistance the US go a satellite person successful integer plus policy.