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Legislative Urgency

Definition

Legislative urgency refers to the pressing need for lawmakers and regulatory bodies to enact new laws or modify existing ones concerning digital assets and blockchain technology. This urgency often arises from rapid technological advancements, market volatility, or significant events like security breaches or insolvencies. It signals a critical period where the absence of clear legal frameworks poses risks to consumers, market stability, or national interests. Addressing this urgency aims to establish clear rules for market participants.