The annual SALT Wyoming conference recently took place, where policymakers expressed support for the cryptocurrency industry, highlighting progress in crypto policy efforts. U.S. Federal Reserve Governor Chris Waller spoke in favor of cryptocurrencies, alongside other officials discussing potential legislative movements. Political sentiments suggest that by Thanksgiving, 12 to 18 Democrats may be willing to vote for a bill on market structure, indicating possible advancements in cryptocurrency regulation as the year closes. The comments reflect a growing recognition of the importance of establishing a regulatory framework that embraces emerging technologies, particularly smart contracts and distributed ledgers. Meanwhile, grassroots initiatives and lobbying efforts are increasing, including a new group aiming to inform lawmakers about crypto. Notably, the crypto space is keeping a close eye on developments regarding regulatory changes as Congress is on break. The overall mood at the conference suggests optimism about the future of cryptocurrency legislation as industry trends evolve rapidly.

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