As Alex Tapscott put itIn 2021, many countries and legislators began to see the potential for blockchain technology’s transformation. Indeed, crypto’s global mainstreaming and growing market capitalization have made it difficult for the agents of power to ignore it and have rendered it a salient economic, social and political issue across many key jurisdictions. It looks like we’re in for an exciting year of crypto regulation and policymaking.

Stablecoins will continue to be a hot topic this year, despite being an asset class that received a lot of regulatory attention in 2021. Stable-value crypto assets, which are essentially stable currencies of many nations, will be a threat to the sovereign digital currency they already have. The key question for the United States is whether Congress will pass the legislation regarding stablecoins the President’s Working Group on Financial Markets has called for.