DePIN Emerges as Key Focus of US Cryptocurrency Policy, IoTeX Named Co-Chair of Washington Blockchain Association DePIN Working Group

BlockBeats News, February 6th, the Washington Blockchain Association announced that DePIN has officially become a key issue in US crypto policy making. Larry Pang, Head of the IoTeX ecosystem, was elected as co-chair of the association's DePIN Working Group. He will co-lead this working group with Jacob Hample from the Filecoin Foundation to advance policy making in the US crypto industry regarding DePIN.

The association's Government Relations Director, Ron Hammond, who previously worked in the House of Representatives, pointed out: "The US lacks clear crypto regulations, leaving businesses in a gray area and even forcing them to move to other countries." To address this, Hammond has been actively seeking solutions to help the US maintain its competitiveness in the global crypto industry.

With the gradual clarity of regulations and industry standards, IoTeX is leveraging its deep expertise in the DePIN field to promote the mainstream adoption of this technology in the US and globally.