DePIN Becomes Key Topic In U.S. Crypto Policy

According to BlockBeats, on February 6, the Washington Blockchain Association announced that DePIN has officially become a significant topic in U.S. crypto policy-making. Larry Pang, head of the IoTeX ecosystem, has been elected as the co-chair of the association's DePIN working group. He will lead the group alongside Jacob Hample from the Filecoin Foundation to advance policy development in the DePIN sector within the U.S. crypto industry. Ron Hammond, the association's director of government relations and a former House staffer, highlighted the lack of clear crypto regulations in the U.S., which has left businesses in a gray area and sometimes forced them to relocate to other countries. Hammond has been actively seeking solutions to help the U.S. maintain its competitiveness in the global crypto industry. As regulatory clarity and industry standards become more defined, IoTeX is leveraging its expertise in the DePIN field to promote the mainstream adoption of this technology both in the U.S. and globally.