Anchorage Digital co-founder and president Diogo Mónica has called for regulatory clarity in the United States, which he said remains muddy due to the politicization of Web3 technology and a lack of coordinated effort from the industry.

“We have 15 different regulators, and all of them are fighting in the public eye for dominance of the industry and making contradicting statements.

“I have no idea how we did this, but it's supposed to be bipartisan, it’s not ‘blue’ or ‘red’ it's supposed to be, in the case of Bitcoin, ‘gold’, right?

“Of course, there's been tons of unforced errors,” Mónica added, making particular reference to the U.S. Securities and Exchange Commission’s (SEC) crackdown on celebrities who promoted cryptocurrencies.

Anchorage provides infrastructure for institutions to enable digital asset custody, exchange, staking and other Web3-related services, it was the first crypto firm in the U.S. to receive a national crypto bank charter in January 2021.
Source: Cointelegraph