Key Notes

  • Texas, Arizona, and Utah have been recognized as frontrunners (“Trailblazer” status) in a new comprehensive analysis of state-level crypto policies.
  • The evaluation system assesses each state across six key areas, including government initiatives using blockchain technology and the establishment of pro-crypto task forces.
  • State officials will have access to resources and information to foster innovation in digital assets and track policy development.

Chainlink, a decentralized network for oracles, and the Blockchain Association have together introduced “Tokenized in America,” a state-by-state analysis that commenced on July 15th. This novel resource is intended to serve as a central hub for industry insights, offering a specialized scoring framework to evaluate
blockchain and cryptocurrency regulations
and monitor advancement across all 50 states in the US.

Tokenized in America
delivers a review of each state’s performance based on six criteria: ongoing government-led blockchain projects, active pro-crypto working groups, backing from state lawmakers, concentration of blockchain professionals, strategic programs involving Bitcoin reserves, and membership in the North American Blockchain
Association.

States are classified into one of four tiers depending on their score: “Trailblazer” (the highest), “Accelerator,” “Initiator,” or “Explorer.” Only Texas, Arizona, and Utah have achieved “Trailblazer” status. A
news release
also identified California, New Hampshire, North Carolina, and Wyoming as states with particularly strong scores.

Encouraging Policy Development Through In-Depth State Evaluations

According to Sarah Milby, Chief Policy Officer at the Blockchain Association, the scorecard aims to equip state policymakers with the data and tools they require to “take significant action” and to illustrate the “momentum” that is building nationwide.

In a series of posts on X, the Blockchain Association described the project as a resource for both lawmakers and industry leaders as they collaborate on developing the
next phase of digital asset innovation
in the United States. The posts further emphasized that “states are essential to realizing that vision.”

The Tokenized in America scorecard, while not officially endorsed by any state or the federal government, offers a quick overview of perceived progress alongside an array of data.

This includes a state-by-state breakdown, as well as predictive forecasts for the future valuation of the
US tokenized assets market
and survey results gathered from sources like hedge fund managers and asset ownership groups.

Disclaimer: Coinspeaker is dedicated to delivering unbiased and transparent reporting. While this article aims to provide accurate and current information, it should not be considered financial or investment advice. Given the dynamic nature of market conditions, we recommend verifying information
independently and seeking advice from a qualified professional before making decisions based on this content.

Chainlink (LINK) News, Cryptocurrency News, News


Tristan is a technology journalist and editorial leader with 8 years of experience covering science, deep tech, finance, politics, and business. Before joining Coinspeaker, he wrote for Cointelegraph and TNW.

Tristan Greene on X

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