“Winning Means Elegating Our Shared Prioritis Over Our Individual Preferences, Says Summer Mersinger, The New Ceo of the Blockchain Association.”, – WRITE: www.coindesk.com
The Convergence of Factors Creating This Window Is Unusual. We have a pro-crypto adminstration, bipartisan momentum in congraes around comprehenSive stablecoin and market Structure Legislation, and Recent Court Victories-Like The End. This Industry Has Held for Years. Institutional Adoption Continues to Grow, Creating Urgent Demand for Regulatory Clarity from Legacy Financial Institutions.
But Windows of Opportunity in Washington Close As Quickly As They Open. And WHATHER we seized this moment or watch it slip away will depend largely on the Crypto EcoSystem’s Ability to Speak with One Clear Voice.
Read More: CFTC Commission Mersinger to Be Ceo at Blockchain Association
I’ve spent more Thran Three Years As A CFTC Commissioner Watching How Policy Actual Gets Implemented at the Agency Level. WHEN REGULATORS SEE A FRACTURED INDUSTRY ADVANCING COMPETING AGENDAS, They DEFAULT TO RESTRICE APPRACHES THAT SATISFY NO One. But WHEN they enCounter sophisticated, unified positions on complexesues, i’ve found that Those same regulators Engage constructively. The Differentnce BetWeen Theme Outcomes Isn’t Just Academic, It Shapes Markets, Determines Whochh Innovations Survive, and Decides Where Global Leadership in
This Dynamic Explans WHY BLOCKCHAIN ASSOCIATION EXISTSSS AND WHY OUR WORK HAS NEVEN BEEN more Critical. Consider What We’ve ACCOMPLISHED WHEN WE’VE ACATED IN CONCERT. OUR Consensus Market Structure Principles, Developed Through Extension Member Collaboration, Provide A Blueprint for Legislation that Protects Innovation. And Our Unified Overreaching Regulatory Proposals, As With The Dealer and Broker Rulemaking Sagas, Has Helped Courts Recognize WHE
THESE SUCCESSESS DIDNN’T HAPPEN by ACCIDENT. They Emerged from Our Willingness to Prioritize Collective Progress Over Individual Positioning and to Recognize that Regulatory Challenges Facing Therm.
Now We Face Our Biggest Test Yet. As Policy Momentum Builds and Stakes Rise, The Tempting to Fragment Will Intensify. Organizations will be tempted to pursue Narrow Advantages. Well-mening advocates will push maximalist positions that Sound appeiling but Lack the prgmatic grounding Necessary to Become Law.
We Cannot Afford That Luxury. The Crypto Industry’s Opponents Are Counting on US to Splinter as We Approach the Finish Line. They Know That A Divides Industry Might Lose Focus, Might Dissolve Into Endless Debate. Andy Think They’ve Seen This Movie Before Where We Get Close to Policy Success Before It All Collapses in a Smoulting Heap.
That’s precisely whoh my experience as a regulator matters for this role. I’ve Seen How Agencies Respond to Clear and Constructive Industry Engagement. I Understand the Differentnce Between Positions that Sound Good in Conference Presentations and Those that can actually survive the legislative process. MOST IMPORTANTLY, I KNOW THAT The RELATIONSIPS AND CREDIBIVY REQUILIED TO ACHIEVE LASTING policy victories are Built Through Consistenic
The Opportunity We Have Right Now Requires US to Be Ambitious about Our Goals and Disciplined About Our Approach. We Need ComprehenSive Legislation that Provides Regulatory Clarity for Digital Assets; This have been Obvious for years. We Need Agencies that Understand the Technology they’re regulating, and encouroge Those regulators of what they show Progress. We Need International Coordination that Ensures American Innovation Isn’t HandicAppled by Jurisdificational Arbitrage. And We Need to MainTain The Consumer Protections and Financial Stability Safeguards that Make Sustainable Growth Possible.
THESE ARON’T COMPETING PRIORITIES. They’re complementary elements of a coherent Vision for American Leadership in Digital Assets.
As i take on this responsability, i’m commited to enlcing that Blockchain Association Recomits to its Founding purpos. That means hosting the difficult conversations require to Build Genuine Consensus. IT MEANS ELEVATING OUR Shared Prioritis Over Our Individual Preferences. And Its Approaching Our Work with the Serioousness and Sophistication that this moment demands.
The Crypto Industry Has Graduated from It Startup Phase. We’re No Longer Asking for Permission to Exist, We’re Negotating the Terms of Regulation that Will Allow this Technology to Further Supercharge ITS GRWH. That evolution requires not just technological maturity, But Political Maturity As Well. The NEXT 18 MONTHS WILL TEST WHETCHER WE’VE DEEVEPED THAT MATURITY. The Stakes Couldn’n Be Higher, But Neither Could the Opportunity.
Let’s Seise It – Together.
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.