Ethereum And Ripple Will Work To Help Shape The Regulatory Environment For Crypto And Blockchain In NYC
Regulation is an essential element in the crypto space, and this can always bring enhanced trust.
More trust means more investors in the space and especially institutional money.
And the institutional investments are the key to crypto mass adoption. Ripple has a while ago that they are not against regulation, on the contrary.
Etheruem and Ripple working towards setting regulation in NYC
This is a group that’s set to help New York lawmakers shape the regulatory environment for crypto and blockchain in the city.
These two important figures are joining 13 more essential names who will serve on the taskforce.
The Daily Hodl notes that they are “six appointed by the legislature and seven appointed by the governor.”
At the moment, the legislature has released the list of appointees, which includes the following names as listed by the online publication mentioned above:
- Sandra Ro, CEO of the Global Blockchain Business Council
- Yaya Fanusie, an adjunct fellow for The Foundation for Defense of Democracies
- Yorke Rhodes, co-founder of blockchain at Microsoft
- Aaron Wright, professor at Cordoza School of Law
Shaping the crypto and blockchain regulation
Assemblymember Clyde Vanel unveiled the six legislative selections for the taskforce which was created in January.
“We are excited that we’re going to have some of the premier people in blockchain technology and in cryptocurrency help guide New York state and the country, and maybe the world, on finding the right level of regulations in this space.”
Vanel said that they are excited to have such important names on board who are going to help guide the NYC and the country, “and maybe the world” on finding the appropriate regulation for the crypto and blockchain space.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018