Video: Regulatory Hurdles to Blockchain Innovation in the U.S. at SweetMeet DC

Capitol Hill veteran and Sweetbridge public policy advisor Caroline Lynch gives an overview of the U.S. regulatory logjam faced by blockchain, fintech and cryptocurrency companies

March 5, 2018 — In this presentation, Lynch details the current impediments standing in the way of scalable innovation in these emerging industries. These include the multiplicity of federal agencies and regulatory apparatuses that companies operating in this space must navigate. Many of these bodies have issued differing - and sometimes conflicting - definitions and guidance pertaining to how cryptocurrencies are regulated.

Additionally, there is a fragmented and complex web of state-by-state money transmission licenses that cryptocurrency companies must obtain, as detailed in the map below.

State-by-state money transmission licensing requirements (via Copper Hill Strategies)

Lynch is the founder of Copper Hill Strategies, a boutique government affairs shop based in Phoenix. Prior to starting her own practice, she spent 15 years on Capitol Hill — including eight as Chief Counsel to the Subcommittee on Crime, Terrorism, Homeland Security and Investigations, where she was at the forefront of developing highest-profile privacy, cybersecurity, national security and criminal laws of the last decade.

Watch the full presentation below: https://www.youtube.com/watch?v=Wa-_WuRhgSY&feature=youtu.be