Sheila Warren, deputy head of the Center for the Fourth Industrial Revolution of the World Economic Forum (WEF), believes that the US authorities are now devoting a lot of time to the law on the regulation of cryptocurrencies.
Sheila Warren, host of the popular Money Reimagined podcast series, said the US will have the biggest impact on the crypto industry in 2022.
“If last year I predicted that China will influence the cryptocurrency market more than other countries, then this year the United States will become the elephant in the room. American politicians are now spending a lot of time developing a law to regulate cryptocurrencies. I will not predict that in 2022 we will see many political measures taken, but there will probably be a wave of hearings and other activities in the US government and regulators dedicated to the field of cryptocurrencies. ”
She believes that testing government digital currencies will continue regardless of the Fed’s policies. Warren expressed the opinion that the EU will be able to bypass the United States during the launch of the digital currency of the Central Bank. She stated that China has already bypassed all countries on the path of introducing the digital currency of the Central Bank. In her opinion, the digital yuan is gaining popularity. We need to watch as China expands the use of the digital renminbi outside the country and brings it to new markets.
Sheila Warren stated that NFTs will be the “conduit” for real value to the world of the metaverse.
“The NFT will be proof in the metaverse that you have real-world value. The explosive development of NFT will lead to the fact that it will become commonplace to prove with the help of a token that you own this thing and you are its owner. ”
Warren says investors will continue to invest in blockchain and cryptocurrencies. In her opinion, the volume of investments will grow every year, regardless of whether the Bitcoin ETF is launched. She believes that more and more companies will move from the early phase of the digital asset market to more mature and stable business processes in the industry. The adoption of cryptocurrencies will have a significant impact on the labor market as the labor market moves into the industry and this will add value to the crypto industry.
Recently, the CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, summed up the results of 2021 in the cryptocurrency industry and emphasized that regulation is becoming the main requirement for the development of the industry. Earlier this month, Bitfury CEO and former director of the Office of the Comptroller of the United States Currency (OCC), Brian Brooks, said that the current regulatory framework in the United States could force many cryptocurrency companies to leave the country. As a reminder, in 2022, Wyoming Senator Cynthia Lammis is preparing to submit a bill detailing provisions on crypto asset regulation and consumer protection.
