IoTeX invited to attend the Washington Policy Summit, high-level dialogue with SEC Chairman Paul Atkins
AI Summary2 min read
TL;DR
IoTeX attended the Washington Policy Summit, discussing crypto regulation with SEC Chairman Paul Atkins and others. They highlighted DePIN and RWAs' role in the new economy and received positive signals on token classification and ICOs.
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DeFiDePINIoTeXWashington Policy SummitSEC Chairman Paul Atkinscrypto regulation
According to Mars Finance, on December 10th, the IoTeX team, in its capacity as chair of the Blockchain Association DePIN Working Group, was invited to attend the Washington Policy Summit. The team engaged in in-depth discussions with several prominent policymakers, including SEC Chairman Paul Atkins, Senator Bill Harley, and Representative Haley Stevens. The summit focused on core issues such as crypto market structure, stablecoins, and Real-World Assets (RWAs). In his exchange with SEC Chairman Atkins, IoTeX co-founder Jing stated that machine networks and artificial intelligence are creating a new economy. The on-chain tokenization of DePIN and RWAs can not only help the US open up capital access and alleviate energy shortages in the AI revolution, but also allow ordinary citizens to participate in the new economy, thereby promoting the large-scale application of stablecoins. Regarding the regulation of crypto assets, SEC Chairman Atkins released positive signals, stating that the vast majority of tokens, including the DePIN network and digital instruments, will not be classified as securities, and ICO fundraising is expected to restart in the US. Atkins further revealed that the SEC will advance its token classification and innovation exemption mechanisms next year to provide a clearer regulatory path. With the global regulatory framework rapidly taking shape, IoTeX is deeply involved in high-level government dialogues, committed to promoting compliance processes based on technological innovation, and helping the United States maintain its leading position in the development of digital currencies in decentralized infrastructure and AI.