IoTeX was invited to attend the Washington Policy Summit, engaging in a high-level discussion with SEC Chairman Paul Atkins.

BlockBeats News, December 10th, the IoTeX team was invited to attend the Washington Policy Summit as the Chairman of the Blockchain Association DePIN Working Group. The team engaged in in-depth discussions with several high-profile policymakers, including U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins, Senator Bill Harley, Congresswoman Haley Stevens, among others.

The summit focused on core topics such as cryptocurrency market structure, stablecoins, and Real World Assets (RWA). IoTeX Co-founder Jing, in a conversation with SEC Chairman Atkins, highlighted that the machine network and artificial intelligence are paving the way for a new economy. The on-chain tokenization of DePIN and RWA not only can help the U.S. open up capital access and address energy shortages in the AI revolution but also enable ordinary people to participate in the new economy, thus driving the widespread adoption of stablecoins. Regarding cryptocurrency regulation, SEC Chairman Atkins sent a positive signal, stating that the vast majority of tokens, including those on the DePIN network and digital tools, will not be classified as securities, and ICO fundraising is expected to resume in the United States. Atkins further revealed that the SEC will advance token classification and innovation exemption mechanisms next year to provide a clearer regulatory path.

As the global regulatory framework accelerates its formation, IoTeX is actively engaged in high-level government dialogues, aiming to promote a compliance process based on technological innovation and support the United States in maintaining a leading position in the advancement of digital currencies in decentralized infrastructure and AI.