The Blockchain Association is hosting a policy summit, advocating for cryptocurrency regulation and national security

Lawmakers, industry leaders, and blockchain innovators gathered this week to discuss the future of crypto policies and their impact on national security.

The Blockchain Association hosted its third annual Policy Summit in Washington, D.C., from December 16-17, 2024. Attended by key US legislators, industry stakeholders, and representatives of the decentralized infrastructure sector, the event focused on aligning blockchain innovation with regulatory clarity. and national security priorities, according to Denis Sirikov, CEO of crypto PR firm ThronePR.

Sirikov attended the summit and shared his observations in a note to crypto.news.

American policymakers attended the event

The summit included decision-makers, including: House Majority Whip Tom EmmerCongressman Mike Flood and Congressman Wiley Nickel Addressing challenges And opportunities in digital asset regulation. Discussions revolved around the regulation of stablecoins and securities laws Securities and Exchange Commission Digital asset monitoring approach.

“The response from members of Congress, the administration and regulators has grown tremendously,” said Dave Grimaldi, executive vice president and head of government relations at the Blockchain Association. “This indicates a complete 180-degree shift that the industry has undergone in the perception of cryptocurrency and blockchain technology.”

Mike Flood highlighted the need for state and federal cooperation to avoid over-regulation, expressing optimism about future cooperation between the SEC and the SEC. Commodity Futures Trading Commission.

In a video speech, Pres.-elect Donald Trump He praised the summit, reiterating his message Management commitment To support blockchain innovation while addressing national security concerns.

It was the Blockchain Association It was previously called President-elect Donald Trump and Congress have decided to prioritize five major cryptocurrency-related actions during the administration’s first 100 days.

Blockchain’s role in national security and calls for regulatory clarity

The main focus of the event was the role of decentralized physical infrastructure networks in enhancing national security. Representatives from blockchain projects such as CESS, Filecoin, and Helium discussed how decentralized data solutions can address weaknesses in centralized systems, particularly in protecting sensitive information and user privacy.

The summit also saw industry representatives urging regulators to adopt practical policies. Concerns have been raised about the SEC’s expanded agent base and its ability to stifle innovation.

“There is a lot of collaboration between the government and the private sector to adopt blockchain technology faster than we could have imagined,” said Joseph Lee, co-founder of CESS. “We recently went to Capitol Hill to educate US Representatives and Senators about our technology.”