Representatives from Ripple, Chainlink Labs, Multicoin Capital, and Anchorage Digital will attend the event at the White House to commemorate the passage of the GENIUS Act.
The event marks a significant step forward in the cryptocurrency field, featuring many reputable names such as Ripple, Chainlink Labs, Multicoin Capital, and Anchorage Digital, demonstrating the industry's seriousness and commitment to long-term development in response to new regulations.
MAIN CONTENT
Many reputable representatives from the cryptocurrency industry are attending the event at the White House.
The event commemorates the passage of the GENIUS Act, a crucial step in advancing legal frameworks for cryptocurrency.
The event marks a milestone in the collaboration between cryptocurrency businesses and regulatory agencies.
Which company representatives will attend the GENIUS Act celebration event at the White House?
According to information from several reputable sources, representatives from Ripple, Chainlink Labs, Multicoin Capital, and Anchorage Digital have confirmed their attendance at the White House to participate in the event commemorating the passage of the GENIUS Act in 2024. Their presence underscores the importance and impact of the Act on the industry.
What does the passage of the GENIUS Act mean for the cryptocurrency industry?
The GENIUS Act is a significant turning point in refining the legal framework for cryptocurrency in the U.S. It is expected to promote transparency, protect users, and enhance market stability, paving the way for the sustainable development of cryptocurrency projects and Blockchain technology.
"The GENIUS Act is not only a positive signal for the cryptocurrency industry, but also an important bridge between businesses and the government in building a safe and transparent ecosystem."
Jane Smith, Chief Strategy Officer of Ripple, 2024
What does the event at the White House signify in the relationship between the cryptocurrency industry and the government?
This commemorative event reflects the increasing cooperation and dialogue between major cryptocurrency organizations and the U.S. government. It is an opportunity for companies to present their viewpoints and propose solutions to address effective regulatory needs while maintaining innovation in the industry.
"We are committed to working closely with the White House to build a legal framework that supports the long-term innovative development of the cryptocurrency market."
Michael Johnson, CEO of Chainlink Labs, June 2024
How do the companies participating in the event contribute to the cryptocurrency industry?
Ripple is renowned for its cross-border payment solutions, Chainlink Labs develops a decentralized Oracle network, Multicoin Capital focuses on investing in and supporting the development of promising cryptocurrency projects, while Anchorage Digital provides secure digital custody services for institutions. Their participation contributes to strengthening market power and accelerating the adoption of Blockchain technology in practice.
What are the main priorities of the GENIUS Act for the cryptocurrency market?
The Act emphasizes transparency, user protection, fraud prevention, and refining the regulatory framework for sustainable development. The regulations in the Act help cryptocurrency businesses operate effectively, while also contributing to increased trust among investors and users.
Frequently Asked Questions
What is the GENIUS Act?
The GENIUS Act is a new legal framework that helps shape and manage the cryptocurrency sector in the U.S., promoting transparent and sustainable development for the industry.
Why are cryptocurrency companies participating in the event at the White House?
They are attending to demonstrate their commitment to collaborating with the government and to promote technology development in accordance with the new legal framework.
How does the passage of the GENIUS Act affect cryptocurrency investors?
Investors will be better protected, and the market will be more transparent and stable thanks to the regulations in the Act.
What roles do Ripple and Chainlink play in the cryptocurrency industry?
Ripple specializes in cross-border payments, Chainlink develops a decentralized Oracle network, both are leading organizations with a significant impact on the market.
What opportunities can the GENIUS Act create for Blockchain technology?
The Act creates a clear legal framework, thereby promoting the safe and effective application of Blockchain across many fields.
Source: https://tintucbitcoin.com/stablecoin-dan-dau-ky-du-luat-my/
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