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Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

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Panelists at a discussion on “Fighting the Anti-Crypto Army” sought to dismiss the idea that working with lawmakers to regulate crypto should be framed as a fight.

A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.”

Moderated by David Zell, co-founder of the Bitcoin Policy Institute, the panel featured Perianne Boring, founder and CEO at the Chamber of Digital Commerce; Mina Khattak, senior director of crypto and Web3 at Worldpay; and Dana Syracuse, a partner at law firm Perkins Coie.

"Fighting The Anti-Crypto Army" panel at Bitcoin 2023. Source: Cointelegraph

The discussion opened with Chamber of Digital Commerce’s Boring describing the current regulatory situation as “dire” after placing part of the blame for the contentious nature of some of the discourse surrounding cryptocurrency regulation on the recent scandals in the space. “With a lot of negative headlines,” explained Boring, “there’ve been a lot of setbacks. And that’s given a lot of ammo to regulators to crack down.”

Boring also added that some politicians were seemingly dead set against the proliferation of cryptocurrency and decentralized finance tech because it “doesn’t necessarily fit into the vision or the goals for some politicians who believe this stuff should be controlled.” However, Boring expressed her belief that such challenges would be surmountable:

“I’m very confident we can overcome those because, at the end of the day, Bitcoin truly represents American values. What does Bitcoin actually do? It allows people to have ownership and control of their assets, their digital assets, for the first time in history.”

Syracuse — co-chair of the Fintech Industry Group and co-lead of blockchain, digital assets and custody at law firm Perkins Coie — followed up on Boring’s statements by stating his agreement but also posing that it was “really important for the industry to not lose sight of […] the amount of collaboration that a lot of regulators have done to date.”

In pointing out that there remained substantial work to be done concerning crypto regulation in the United States, Worldpay’s Khattak described the current digital assets business climate as challenging for companies who might worry about an ever-shifting regulatory landscape.

Related: Polls suggest Elizabeth Warren’s anti-crypto army strategy won’t pay off

Citing uneven Securities and Exchange Commission oversight, Khattak said, “If you’re going to market with a partner and they might be hit with the Wells notice, for example, that creates a lot of reputational risk for a Web2 company.”

While all three panelists were seemingly in agreement that regulatory issues were an important concern for the cryptocurrency space, none of them appeared to agree with the premise of the discussion.

When asked by moderator Zell how the industry could “fight back” in Washington, Syracuse immediately responded, “I don’t think it’s a fight. I don’t think it has to be antagonistic.” He continued that “even couching it in those rhetorical terms is dangerous at the end of the day.” Khattak, in her final remarks, also added it was her belief that the two most important ways to move forward with regulators are through education and collaboration.

Magazine: Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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