Arizona, Texas and UTAH have been recognized as the main American states in terms of cryptocurrency regulations, while investors’ attention turns to the American “crypto week”, which can see the adoption of three key elements.
Arizona, Texas and Utah currently direct the nation in blockchain policy and have been recognized as “pioneers” on the ground, according to the “Tokenized in America” research report by Chainlink and the Blockchain Association.
The report evaluated the States according to their blockchain pilots led by the government, active pro-Crypto working groups, the support of the state congress, the concentration of the blockchain bar, Bitcoin reserve initiatives (BTC) strategic and if it is an active member of the North American Blockchain Association (NABA).
“Texas, Arizona and Utah have obtained the status of Trailblazer for their strength in the policy and development of the ecosystem,” noted the report, adding that other leading states, notably “North Carolina, California, New Hampshire and Wyoming, demonstrate a solid commitment in several categories of score games”.
“With so many things that happen at the federal level, we cannot ignore the substantial activity that occurred in the United States,” wrote Adam Minehardt, head of chain laboratory policy.
He added: “Tokenized in America helps to clarify the important role that these states play with regard to digital assets, offering an overview of the opportunities and challenges that await us.”
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At least 50% of US states have a strong representative support for the Congress on Blockchain Policy, while 36% have an active Pro-Crypto working group.
More than 22% of states have an active blockchain pilot program, while 16% have currently promulgated or pursue a Bitcoin strategic reserve.
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US Crypto Week establishes investor expectations for new cryptographic regulations
The regulatory dashboard was released during an important week for blockchain regulation, nicknamed by the United States government as “cryptography week”.
This week “marks a turning point, with several invoices that should adopt who will give an essential clarity to industry,” according to Farzam Ehsani, co-founder of the Crypto Valr trading platform.
“It was unthinkable last year. I expect many other countries to do so. Times are changing quickly,” he told Cointtelegraph.
American legislators seek to adopt three key cryptocurrency key invoices aimed at strengthening the improvement of the industry and providing more clarity for stablecoin issuers: the law on the clarity of the digital asset market (Clarity Act) and the law on the digital state of the central bank of the central bank (CBDC) to prevent the creation of a central bank of the Central Bank (CBDC).
While industry leaders have said that the Clarity Act is far from perfect, its passage through Congress can help the United States become a world leader in digital asset policy.
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