22 Mar RFA State of Play – Digital Assets
In 2008, the enigmatic Satoshi Nakamoto sent a comprehensive nine-page white paper to a group of cryptographers outlining a peer-to-peer electronic cash system called Bitcoin. Over a decade later, Bitcoin and the greater digital assets market stand at an outstanding market capitalization of over $2 trillion. It is estimated that around 16% of adult Americans, or roughly 40 million people, have invested in, traded, or used cryptocurrencies, according to the White House. While the meteoric rise of digital assets has created fierce policy debate, discussions, and ongoing workstreams in Washington, it remains clear that legislators and regulators are playing catch up.