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Fireside: Crypto Regulation for Dummies | Ben Armstrong & J.D. Seraphine at Blockchain Futurist 23
United States regulatory landscape for cryptocurrency and blockchain is undergoing a shift. Hear from industry experts Ben Armstrong and J.D. Seraphine on what's ahead and how it can shape the future of decentralized finance.
- United States is on a path to stricter crypto regulations, with Gary Kinzler stating that “everything but Bitcoin is a security”.
- Current regulatory landscape in the US is critical, and the next 18 months will be decisive for the industry.
- BenArmstrong and J.D. Seraphine believe the time has come for the United States to retake its privacy and for crypto to flourish in the country.
- The concept of decentralized finance (DeFi) is key to adoption, and Bencoin is a coin that aims to be a community-driven, decentralized platform for onboarding.
- Rug pulls can have significant consequences, as seen in the case of BenCoin, and the term should be used carefully.
- There are many gray areas in crypto, and it’s difficult to distinguish between good and bad actors.
- The time is now for the United States to make a change in its approach to crypto regulation and allow cryptocurrency and blockchain to flourish.
- J.D. Seraphine is a founder of Rainmaker and is dedicated to supporting policies and regulations that will promote crypto adoption.
- Bencoin has been promoted as a community-driven coin, with a focus on decentralization and transparency.
- The United States needs a total change in its approach to crypto regulation to allow for the growth and adoption of cryptocurrency and blockchain.