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Usha Yadav
Jun 10, 2022
by Usha Yadav

Crypto is More Than Currency, Says Blockchain Association Executive Director

Crypto Blockchain Association

Table of contents

  1. Kristin Smith On Crypto Policy
Kristin Smith, the Blockchain Association Executive Director, spoke before the House Homeland Security Subcommittee on Intelligence and Counterterrorism. Ms. Smith testified before Congress during the "Terrorism and Crypto: Industry Perspectives" session of the House Homeland Security Subcommittee on Intelligence and Counterterrorism. Experts from Chainalysis and Coinbase, who work with law enforcement to detect and track illegal activities, were present at the committee. Smith described crypto networks, how they solve problems, and why they will drive the next generation of American innovation. Kristin said,
"It's critical to note that crypto is more than currency."

The Blockchain Association is dedicated to educating Washington officials and regulators so that suitable legislation may be enacted to promote the growth of this new technology. The group remains certain that crypto will be the driving force behind the next generation of American innovation after appearing before Congress and working closely with politicians.

Kristin Smith On Crypto Policy

In an interview with MarketWatch, Kristin Smith, executive director of the Blockchain Association, said the measure represents a milestone moment in the history of the crypto policy and demonstrates that Congress appreciates the importance of digital assets to the US economy. Following the passage of last year's bipartisan infrastructure bill, which mandated those disclosures, Smith added that "we are particularly excited" that the legislation gives the CFTC primary oversight of crypto spot markets, as well as a provision that amends what types of businesses must report crypto transactions to the IRS.

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Crypto is More Than Currency, Says Blockchain Association Executive Director
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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