2024 Election May Influence SEC’s Stance on Crypto Policies, Says Consensys Counsel

The upcoming 2024 election may influence how the U.S. Securities and Exchange Commission (SEC) handles crypto policies, as noted by Consensys’ senior counsel. At the Consensus conference in Austin on May 29, Bill Hughes, Consensys senior counsel and director of global regulatory matters, discussed the uncertain impact of the evolving political and regulatory landscape on Consensys’ lawsuit against the SEC over Ether. In the past month, lawmakers have pushed for regulatory clarity at the SEC, and the commission has approved the spot for Ether exchange-traded funds (ETFs) for the first time. Additionally, digital assets have played a role in the