What is government’s role? Regulation is essential to our financial markets, and there is no doubt that tokenized financial assets should be regulated to ensure financial stability, promote capital formation, prevent illicit activity, and protect consumers. But there is more the U.S. government must do. Innovators must have assurances that if they follow time-tested regulatory principles, they will be free to pursue the market opportunities provided by better functionality. The government should actively facilitate the adoption of technology in core U.S. dollar funding and payments markets. This is a matter of national security and financial stability.
‘Enforcement 40’ for 2020
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