When it comes to working with distributed ledgers and cryptocurrencies, one of the most significant barriers to enterprise adoption is the significant regulatory uncertainty that enshrouds the blockchain industry. This is especially true of the United States where lawmakers, regulators, and the industry have been gridlocked over a multitude of wildly opposing viewpoints. Meanwhile, as the regulatory perimeter shifts continue to shift, enterprises are stuck in a Catch-22; Either move forward with their blockchain pilots and run the risk of irritating officials at the US Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC) or other American agencies. Or, risk disruption by putting their projects on hold until the legalities of working with blockchain are less ambiguous.
While at DC Blockchain Summit 2023, Blockchain Journal editor-in-chief David Berlind caught up with CFTC Commissioner Summer Mersinger to ask her what she thinks enterprises should do while the wheels of legislation turn at their typical, glacially slow pace. According to Mersinger, the best thing for enterprises to do is come into her office for a chat. Mersinger says she has an open-door policy and room on her calendar for those companies seeking legislative therapy.
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/cftc-commissioner-mersinger-invites-nervous-enterprises-come-chat-about-blockchain/