Hoskinson Live on Twitter, sharing update from Washington Fintech Event by CoinEdition

• Charles Hoskinson shared updates from the Fintech Event in Washington on Twitter.
• The event was hosted by Georgetown Law School Professor Chris Brummer.
• He spoke about discussions surrounding cryptocurrency regulation in connection with the upcoming election.

Input Output Global founder, Charles Hoskinson will be live from Colorado on October 12 to share updates from his trip to Washington. He starts the video by saying that he was invited to Washington DC to speak at a fintech event in DC by Chris Brummer, a professor at Georgetown School of Law.

Update from Washington https://t.co/VNU0SURpkn

— Charles Hoskinson (@IOHK_Charles) October 13, 2022

Hoskinson continues about how Brummer brought in a large number of regulators from the CFTC, SEC and Department of Justice, among others, to come together and discuss cryptocurrency regulations.

After the event, Hoskinson went to the Swiss Embassy to attend dinner with the Ambassador to Switzerland, Congresswoman Ro Khanna, CFTC Chairman Rostin Behnam and Congressman Jim Banks, among others.

Hoskinson then goes on to share “the regulatory reality of the cryptocurrency space” with his Twitter followers and what to expect in 2023. To his non-US viewers, he said there is an upcoming election in November where about a third of the Senate stands for re-election.

According to Hoskinson, the Republicans, who are committed to passing some form of cryptocurrency legislation, are most likely to take the House back. If that happens, a bill could be passed next year that would allow additional power for the CFTC to regulate crypto.

Hoskinson said that during his time he indulged in discussions about how to determine whether a cryptocurrency is a value or a commodity. “Unfortunately, the bill and the FIA ​​tend to steer this regulation away from enforcement that is unlikely to be successful and changes based on judicial whims,” ​​the manager adds. Hoskinson emphasizes the need for statutory governance to address that problem.

He further shares that he has been working with the University of Edinburgh to set up a lab opening on November 18th in Scotland, which will measure the level of decentralization of each cryptocurrency, including and , with the aim of navigating disclosure regimes, consumer protection and other considerations. . Hoskinson continues with further discussions related to disclosure regimes adopted by cryptocurrency exchanges on the broadcast.

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