Policy Shaping describes the active process by which various stakeholders influence the creation, amendment, or interpretation of laws, regulations, and guidelines. This activity involves advocacy, public consultation, and expert input to guide legislative and regulatory outcomes. It seeks to align policy with specific interests or desired societal outcomes.
Context
In the digital asset sector, policy shaping is a dynamic and intense activity, with industry groups, academics, and consumer advocates seeking to influence governments and regulatory bodies. The speed of technological advancement often outpaces traditional legislative processes, making proactive engagement in policy shaping critical. Outcomes significantly impact market access, innovation, and business models.
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