The open letter emphasized how clear regulatory frameworks can ensure the US remains competitive while safeguarding consumers and addressing illicit activity.
Amid rising political and market tensions, blockchain firm Consensys has issued an open letter to the future United States president requesting clear and supportive regulations for cryptocurrencies and Web3.
The letter, published on Oct. 23, cites the need for transparency in regulatory ruling that would allow the US to remain competitive globally while addressing consumer protection and illicit activity concerns.
Consensys’ plea comes as the cryptocurrency market experiences significant volatility in response to global events. Bitcoin (BTC) is currently valued at around $67,500, down from its peak of more than $70,000 in June.
