Congress is expected to be the most pro-cryptocurrency in history, with Anthony Scaramucci predicting influential policy changes that could shape the digital asset industry. In an exclusive interview with Benzinga, Scaramucci outlined potential regulatory changes, particularly regarding how mature protocols and new token launches will be handled.
Regulatory trends and market impact
As the regulatory framework evolves, established protocols could be designated as “decentralized products,” Scaramucci said. He believes this classification will reduce legal risks and bring more clarity and confidence to the market. “I think most mature protocols will be treated as decentralized products, so any lawsuits regarding crypto exchanges that follow the rules will be dismissed,” Scaramucci said.
Scaramucci said existing exchanges could benefit from a reduced regulatory burden, but the launch of new tokens could have an impact. “New token launches will be more closely scrutinized and regulated,” he explained, highlighting the potential for a shift to stricter oversight to ensure compliance and protect investors. .
The future of stablecoins and the digital dollar
Scaramucci also highlighted the role of stablecoins in promoting the dominance of the US dollar in global markets. He suggested that stablecoins could act as a “digital dollar” to support international trade and financial transactions without undermining the dollar’s influence.
“I think stablecoins will be accepted as a form of digital dollar that will promote rather than weaken the dominance of the US dollar globally,” he said.
Forming the digital asset space
These anticipated changes are consistent with Scaramucci’s broader outlook on cryptocurrencies, particularly how regulatory acceptance will foster mainstream adoption.
His comments come ahead of Benzinga’s Future of Digital Assets event, which will feature discussions on similar topics, including the regulatory environment and the role of cryptocurrencies in the global economy.
As the digital asset market continues to mature, regulatory changes, M&A activity, and a convergence of adoption trends will define the future of this dynamic sector. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to further explore these developments and learn about the evolving regulatory environment and the latest market trends. provides insight.
Read next:
Image: Shutterstock
Market news and data powered by Benzinga API
© 2024 Benzinga.com. Benzinga does not provide investment advice. Unauthorized reproduction is prohibited.