Crypto Industry Urged to Engage with Regulators for Future Clarity

At the Ondo Summit in Manhattan, discussions focused on crypto regulation and legislation. Key points included:

Former Congressman Patrick McHenry emphasized the lengthy process for SEC chair confirmations and legislative drafting.
A crypto bill could potentially be signed by July 4 or take up to 18 months.
Engagement with regulators is crucial; McHenry noted recent regulatory changes signal a more open environment.
Sandy Kaul from Franklin Templeton highlighted the need for transparency and trust-building with regulators.
CFTC Acting Chair Caroline Pham discussed upcoming deadlines from Donald Trump’s executive order and plans to hire crypto market experts.
Pham urged the industry to adopt a reasonable approach to improve credibility amidst past fraud cases.
Pantera Capital's Dan Morehead remarked on the industry's cautious optimism regarding new opportunities for engagement.
McHenry warned that failing to act within the next 18-20 months could result in setbacks for the industry.