Crypto regulation in the USA at the “decisive point”-expert
The time window for the adoption of sensible crypto laws in the United States closes quickly, and if it is missed, the industry could have long-term consequences, said Marta Belcher, President of the Blockchain Association and the Filecoin Foundation.
In the week of the CoinTelegraph's Decentralize podcast, Belcher and industry leaders asked to act accordingly before the election campaign for the 2026 interim elections threatens to derail the current momentum.
Crypto regulation must go quickly
Belcher emphasized that it was “absolutely crucial” that the legislation to clarify key elements within the industry will be passed before the beginning of next year.
“After the intermediate elections, we do not really know whether the Congress will be friendly to cryptocurrencies or whether there will be a counter reaction.”
Belcher pointed out the hostile environment of the previous government when the stock market supervision under Gary Gensler and the bidges government had strained against almost every large crypto token, which was a deterrent example.
“You can't assess high enough how much of the industry then migrated abroad … You had to be pretty crazy to start a crypto project in the USA at that time,” she said.
“I really hope that the sheet turns when we have a legal situation that enables us to work here.”
What is in the works?
Both the stable coin and the broader market structure legislation are currently being promoted in the congress, whereby a coordination on stable coins will be expected shortly.
“There are many reasons to worry about whether you should wait until after the August vacation. You just never know what other priorities of the congress will have,” she said. “We really have to do it, really, really this year.”
Legislation would provide a clear way to comply with regulations-something that urgently need many crypto projects. Belcher emphasized that most industry participants are “willing to do a lot”.
“You just want to know what you have to do to comply with the regulations,” she said. In order to achieve this goal, an industry -wide compromise is required:
“In my opinion, this legislation is really existential. It will not be perfect … but we all have to be ready to come together and to do what needs to be done.”
Listen to the full conversation in the latest episode of Decentralize with CoinTelegraph on the cointelegraph podcast page, Apple Podcasts or Spotify. Don't forget like and subscription!
