The panel at the Black Blockchain Summit 2023 discussed whether the SEC hampers crypto development. The consensus was that unclear regulations and enforcement actions, combined with Congress’s lack of action to create a proper framework, are stifling innovation. The current U.S. regulatory system lacks clarity, causing companies and entrepreneurs to struggle or move overseas. Panelists emphasized the need for Congress to establish clear laws, highlighted challenges around categorizing crypto assets under old laws, and stressed educating policymakers and investors. They also discussed the importance of ETFs to broaden crypto access and urged the community to be proactive in shaping regulations to support innovation and protect investors.
