# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CzpG7xVrUOC
- **Gondola URL:** https://gondola.cc/posts/17858408-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/19456963e9.jpg
- **Posted:** 2023-11-14T21:56:01.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Lobbyists who work in Washington, D.C. told Benzinga’s Future of Digital Assets conference on Tuesday that any guidance available is not coming from financial regulators, but rather from the courts imposing enforcement actions after the event.

The malaise of the FTX scandal, which could see its founder Sam Bankman Fried spending many years in prison, still permeates Washington, said Cody Carbone, VP of policy at the Chamber of Digital Commerce.

“In the absence of regulations in the U.S., the courts have had to act. So what we’re seeing is a lot of reactionary proposals and reactionary enforcement actions,” he said.

Katherine Wu, who lobbies on behalf of the Crypto Council for Innovation, said this kind of after-the-event enforcement as non-productive.

“The only real piece of guidance is legacy one-off enforcement actions. When builders have to become enforcement actors, it takes a long time,” she said.

Carbone said he sees what other countries are doing and would like to see the U.S. take a more proactive stance.

“I love what the U.K. is doing and I love what the EU is doing. Whether we agree with their rules or not, they are providing rules and providing clarity and that makes a developer’s or founder’s job easier.”
.
.
#bzfoda #cryptoetf

## Stats

- **Views:** 0
- **Likes:** 34
- **Shares:** 0
- **Comments:** 0

## Tags

bzfoda, cryptoetf

---
Copyright (c) Gondola