X @Kraken

Regulatory Landscape & Advocacy - Crypto industry representatives engaged with House and Senate members to advocate for clarity in market structure, emphasizing its importance for developers, competition, and financial services [1] - The industry is promoting permissionless innovation as opposed to closed and walled gardens, highlighting the role of companies like Kraken in enabling this [1] - The Clarity Act is viewed as an initial step, but further action is needed [1] Competition & Innovation - Legislation should not favor specific companies and must be accessible for startups, avoiding excessive legal costs (e.g., $2 million) and lengthy debates (e.g., 100 hours) that stifle competition [2] - The industry is fighting to protect the right to build various crypto-related assets (protocols, chains, memes, tokenized equities, commodities, utilities, etc) [2] - Ensuring incentives remain with builders, not just established companies, is crucial [2]