Arizona, Texas, and Utah have been recognized as the leading US states in cryptocurrency regulation, highlighted in the 'Tokenized in America' report by Chainlink and the Blockchain Association. The upcoming 'Crypto Week' may bring the passage of key legislation.
State Ranking on Cryptocurrency Legislation
According to the 'Tokenized in America' report, Arizona, Texas, and Utah are 'trailblazers' in cryptocurrency regulation. These states are evaluated based on factors such as government-led blockchain pilots, congressional support, and Bitcoin reserve initiatives.
Crypto Week and Important Bills
This week, known as 'Crypto Week', could see the passage of several bills that are expected to clarify cryptocurrency regulation. Three key acts are anticipated: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. These measures aim to enhance industry improvement and provide more transparency for stablecoin issuers.
Overall State of Crypto Legislation in the US
Over 50% of US states have strong congressional support for blockchain policies, while 36% have active pro-crypto task forces. Additionally, 22% of states have active blockchain pilot programs.
The potential passage of new legislation and active support from states signifies an important step toward creating clear and constructive cryptocurrency regulations in the US, which could significantly impact the industry's future growth.
