Policy work denotes the activities undertaken to shape, influence, or implement public policy. Within the digital asset sector, this involves engaging with regulators, lawmakers, and governmental bodies to advocate for specific regulatory approaches or to inform the development of legislation. Effective policy work aims to create a conducive environment for innovation while addressing potential risks.
Context
The engagement of industry participants in policy work is a significant aspect of the digital asset landscape. News outlets regularly report on lobbying efforts, public consultations, and the formation of industry associations dedicated to interacting with policymakers. The success of policy work can profoundly influence the regulatory trajectory and operational feasibility of digital asset technologies.
The SEC and CFTC's joint statements signal a pivotal shift toward harmonized oversight, enabling new spot crypto product offerings on regulated exchanges.
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