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Sheila Warren, Honorary CEO of the U.S. Crypto Innovation Council: The lack of a regulatory framework at the federal level in the U.S. is a major gap in global crypto regulatory collaboration

ChainCatcher news, on January 21, Swiss time, the "2025 Winter Davos Forum · Future Financial Technology Summit" hosted by OKG and supported by several media outlets was held in Davos, Switzerland. The event featured an in-depth dialogue with Sheila Warren, the honorary CEO of the U.S. Crypto Innovation Council, discussing how policy and regulation shape the future of cryptocurrency.When asked whether it is possible to establish a new regulatory framework for cryptocurrency that facilitates cooperation between different regions and governments, Sheila believes that many have long called for a balance to be found between promoting innovation and protecting consumer safety. Many also hope to establish a new regulatory framework for virtual assets to achieve cooperation between different regions and governments. However, a major gap in global cryptocurrency regulation is the lack of any rules-based system at the federal level in the United States.Regarding the further development of cryptocurrency integration into traditional finance, Sheila believes the future depends on whether regulatory policies in various countries can promote the rollout of new blockchain and token-based products and services.It is understood that the "2025 Winter Davos Forum · Future Financial Technology Summit" is hosted by OKG during the World Economic Forum, aiming to find a path to reshape the global financial landscape under the theme of "Cooperation in the Smart Era," exploring the vision of global fintech—linking innovation, linking the future.

Opinion: The vast majority of innovative applications of cryptocurrencies like Bitcoin essentially belong to financial services

ChainCatcher news, according to the WeChat public account of the China Financial Forty Forum, Liu Xiaochun, Vice President of the Shanghai Institute of New Finance (SFI), and Xiao Lei, a young researcher at the Shanghai Jiao Tong University China Financial Research Institute and head of investment at Kaitai Vision Fund (Hong Kong), co-authored an article titled "Reconsidering the Modern Monetary System in the Wave of Cryptocurrencies."The article points out that there have been various analyses and expectations regarding cryptocurrencies like Bitcoin in the current market. The 2024 U.S. election has further brought cryptocurrencies like Bitcoin to the forefront. However, for cryptocurrencies to truly replace existing sovereign currencies, they still face institutional realities and challenges. The vast majority of innovative applications of cryptocurrencies like Bitcoin essentially belong to financial services.In dealing with cryptocurrencies, a more valuable approach is to explore their more feasible application paths in the financial sector based on the functions and systems of modern money, combined with the technical characteristics of cryptocurrencies. This can mainly be approached from two directions: first, exploring the financial assetization path that is not linked to fiat currencies; second, developing payment and settlement tools that are linked to fiat currencies.
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