Regulatory Feedback refers to the responses, comments, or data provided by industry participants, experts, or the public to regulatory bodies regarding proposed or existing rules. This input helps authorities assess the practical impact and effectiveness of their policies. It represents a crucial component of the rulemaking process, facilitating informed decisions.
Context
Regulatory feedback is particularly vital in the rapidly changing digital asset space, where new technologies and business models constantly challenge existing legal definitions. Regulators often issue requests for comment on new proposals, seeking diverse perspectives to avoid unintended consequences. The quality and volume of this feedback can significantly influence the final form of regulations.
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