Andreas Townsend

3 months ago

Regulation is an essential element in the crypto space, and this can always bring enhanced trust.

More trust means more investors in the space and especially institutional money.

And the institutional investments are the key to crypto mass adoption. Ripple has a while ago that they are not against regulation, on the contrary.

Etheruem and Ripple working towards setting regulation in NYC

Ethereum co-founder Joseph Lubin and Ripple director of regulatory relations Ryan Zagone have been reportedly appointed to NYC’s new Digital Currency Taskforce.

This is a group that’s set to help New York lawmakers shape the regulatory environment for crypto and blockchain in the city.

These two important figures are joining 13 more essential names who will serve on the taskforce.

The Daily Hodl notes that they are “six appointed by the legislature and seven appointed by the governor.”

At the moment, the legislature has released the list of appointees, which includes the following names as listed by the online publication mentioned above:

  • Sandra Ro, CEO of the Global Blockchain Business Council
  • Yaya Fanusie, an adjunct fellow for The Foundation for Defense of Democracies
  • Yorke Rhodes, co-founder of blockchain at Microsoft
  • Aaron Wright, professor at Cordoza School of Law

Shaping the crypto and blockchain regulation

Assemblymember Clyde Vanel unveiled the six legislative selections for the taskforce which was created in January.

“We are excited that we’re going to have some of the premier people in blockchain technology and in cryptocurrency help guide New York state and the country, and maybe the world, on finding the right level of regulations in this space.”

Vanel said that they are excited to have such important names on board who are going to help guide the NYC and the country, “and maybe the world” on finding the appropriate regulation for the crypto and blockchain space.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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