Singularity Finance CEO Cloris Chen participated in a U.S. Senate roundtable discussing cryptocurrency regulation and AI innovation, emphasizing the need for clear guidelines to support tokenization of real-world assets. Key senators highlighted the urgency for regulatory clarity, with a stablecoin bill and tax reforms expected soon. Chen warned that without improvements, the U.S. risks lagging in the global shift towards AI-driven finance.
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Cloris Chen, CEO of Singularity Finance, participated in a roundtable with US Senators to discuss cryptocurrency regulation and AI innovation. The event highlighted the need for clearer frameworks to support tokenized real-world assets and address compliance challenges, with Senators proposing legislation to ease tax burdens and clarify regulatory definitions. Senator Tim Scott mentioned a stablecoin bill expected to pass soon, while Senator Cynthia Lummis advocated for tax exemptions on small transactions and refining the Howey test for asset classification.
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