Arizona, Texas, and Utah Lead in US Cryptocurrency Policy
Arizona, Texas, and Utah are at the forefront of cryptocurrency regulations in the United States, according to a recent report by Chainlink and the Blockchain Association. These states have been recognized as ‘trailblazers’ for their progressive blockchain policies and ecosystem development.
Key Findings from the Report
The ‘Tokenized in America’ research report assessed states based on several criteria, including:
- Government-led blockchain pilots
- Active pro-crypto task forces
- State congressional support
More than half of US states now demonstrate strong congressional support for blockchain policy, with 36% hosting active pro-crypto task forces.
The Significance of ‘Crypto Week’
The report’s release coincides with ‘Crypto Week,’ a period marked by significant legislative activity in the cryptocurrency space. Three key bills are expected to pass, providing clarity for stablecoin issuers and fostering industry growth.
Expert Perspective
‘State-level initiatives are pivotal for the future of digital assets,’ noted Adam Minehardt, Head of Policy at Chainlink Labs. With these legislative advancements, the US is positioned to lead in global digital asset policy.
