Anchorage Digital and Chainlink are reportedly supporting a political initiative aimed at shaping digital asset policy, according to industry sources. The move comes as regulatory bodies like the SEC increase scrutiny on cryptocurrency markets.
The initiative seeks to establish clearer guidelines for digital asset trading and custody, addressing concerns from both investors and policymakers. Analysts suggest this could signal a shift toward more structured engagement between crypto firms and regulators.
“This is a strategic effort to preempt heavy-handed regulation,” said one anonymous industry insider. “By participating in policy discussions early, these companies hope to influence outcomes favorable to innovation.”
Experts note that the involvement of established players like Anchorage Digital, a federally chartered digital asset bank, lends credibility to the effort. However, some lawmakers remain skeptical of industry-led proposals.
The outcome could have significant implications for how digital assets are treated under U.S. law, potentially setting precedents for other jurisdictions.