According to Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert, it is necessary to develop the concept of cryptocurrency regulation before adopting legislation.
That is, the US authorities should not just introduce laws on the control of the industry, but determine the extent of the maximum permissible limit for interference in this sector. The main principle should be non-interference in the development of innovation.
The state should not increase pressure on the cryptocurrency industry, but, on the contrary, create conditions for expanding the activities of blockchain startups.
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Tarbert said: "Another area where principles-based regulation is appropriate is the area of fintech, including blockchain and digital assets."
The CFTC chairman believes that US authorities should accelerate the legalization of the crypto sphere so that the country can maintain the status of technological power.
Heath Tarbert is on the list of those American politicians who periodically advocate for the speedy adoption of cryptocurrency legislation that will be as comfortable as possible for the industry.