Engagement with U.S. Legislators
In an effort to promote the U.S. sector for tokenized real-world assets, Lumia recently participated in discussions with the Senate Committee on Banking, Housing, and Urban Affairs in Washington D.C. This meeting was part of their extensive efforts to engage with U.S. legislators, aimed at crafting effective policies that would benefit the cryptocurrency and digital asset landscape.
Insights from Lumia’s Leadership
Organized by David Martin McIntosh, a former U.S. Representative and current Public Policy Advisor for Lumia, the session provided an opportunity for lawmakers and regulatory officials to delve into the proposed Clarity for Payment Stablecoins Act. Lumia’s Chief Technology Officer, Deniz Dalkilic, took the floor to share the company’s insights and recommendations on how to enhance the existing draft of the bill.
Key Discussion Points
The discussions emphasized the importance of establishing a legal framework that addresses Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, which are essential for the acceptance and integration of innovative digital financial solutions across various market participants including both institutional and retail investors.
Long-term Strategy and Commitment
Lumia’s leadership underscored that their engagement is not only about providing feedback on this specific legislation; it is indicative of their broader strategy to forge lasting partnerships with U.S. policymakers, thereby advancing the adoption of real-world assets in the digital economy.
Dalkilic noted, “It was an encouraging dialogue, and we are invited to continue our discussions as the committee refines the bill. It’s reassuring to see legislative processes being informed by informed insights from industry leaders.”
Looking ahead, Lumia remains committed to collaborating with lawmakers and regulatory bodies to build a forward-thinking and responsible framework for the digital economy in the United States.
