EEA Webinar: Giancarlo from CFTC Dey Hail Stablecoin Regulation Shift
Di Enterprise Ethereum Alliance (EEA) bin host one webinar with former wahala man CFTC Chairman, Chris Giancarlo, make dem fit yarn about how Senate don approve stablecoin law. The two-thirds vote na sign say stablecoin regulation and all crypto regulation for Washington don change. Giancarlo talk say the SEC suppose make clear way for crypto compliance. E talk say make dem do regulation for three stages: stop all anti-crypto policy wit important appointments, deliver for digital asset wahala like proper Bitcoin reserve and allow people self-custody rights, and make full market structure law wey go clear SEC and CFTC jurisdiction. Wetin come from SEC Crypto Task Force na show say this change dey come, dem dey give direction for registration, stablecoin classification, mining disclosure, plus correct law enforcement. EEA tell all members make dem join body with Crypto Task Force, prepare for new rules about how institution go keep crypto, and try make innovation move sharp sharp under better regulation clarity.
Bullish
Di passing stablecoin law wit bipartisan support show say na clear move dey towards regulatory clarity for US markets, e reduce the wahala wey before dey hold trade volume. Giancarlo emphasis for SEC Crypto Task Force guidance and ways to comply mean say dem go focus on making things possible rather than banning everything. For history, when dem set clear framework like approval of crypto custodian rules, e dey ginger bullish rallies as e invite institutional money. For short term, market fit react small with some volatility as people dey try understand new rules. For long term, stablecoin regulation and better crypto policy fit help innovation, increase liquidity and push value of digital assets higher.