Opinion
As the last genius law was passed, the United States took the first real step towards regulating encryption at the national level. The draft law focuses on Stablecoins, the creation of reserve rules, reviews, and accredited exporters. This is a milestone for this industry. If legislators want to support the next wave of innovation, they will not be able to stop here.
It is still one of the fastest growing sectors, decentralized material infrastructure networks, or dedins, lacks a legal framework.
DePin is not related to speculation or NFTS. It includes building an infrastructure in the real world through the devices owned by society. People contribute antennas, sensors, or hard drive engines and earn symbolic bonuses. These systems support services such as wireless communication, mapping and decentralized storage.
Unlike many Blockchain use cases, DePin is already working and rapidly growing.
DePin expands faster than the organization
Projects such as Glow exceeded $ 15 million, while Geodnet reports over more than a million dollars of repeated annual revenues. DePin protocols are generated via the ecosystem more than $ 250 million of revenue. These are not pilots. It operates networks that provide value to users and shareholders.
They still lack organizational clarity. Unlike Stablecoins, which is now governed by specified federal rules, DePin projects operate in a gray area. Unscrews leaves users, developers and exposed investors.
Organizational gaps have become more difficult to ignore them
DePin systems are based on real world data and infrastructure. It does not fit precisely with communication categories, cloud computing or encryption. This makes the current laws difficult to present.
Many DePin protocols rely on devices that collect and share environmental information or private site. There are no clear criteria about the data that can be collected, or how it should be stored or owned. Without this, users may lose confidence and open.
Compensation is another issue that has not been resolved. People are pushed out of the pocket to spread devices, but there are no basic rules on how to reward them. If the incentives dry or transform the distinctive symbol, the shareholders leave the risks without guarantees.
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Governance provides her own challenge. Several decentralized DePin projects claim, however the main decisions remain in the hands of the basic teams. If these systems will serve public interests, they must be transparent and accountable.
Debine deserves the studied organization
The genius law has proven that the regulation of encryption should not be destroyed. It provides a basis for stablecoins without strangling innovation. Debine deserves an accurate approach.
DePin differs from financial codes. It is at the intersection of devices, programs and services. This hybrid nature means that it needs a dedicated frame. It should not be treated like decentralized financing (Defi) or stablecoins.
What is required is a definition of what is considered a DePin protocol. There should be standards for data ownership and privacy, tracking contribution and reward mechanisms. The rules of transparent governance are also necessary to build confidence and accountability.
An opportunity for the United States to lead
DePin has the ability to expand infrastructure in disadvantaged areas, enable the most intelligent cities and restore basic systems to societies. To reach this scale, the sector needs legal clarity.
Investors will hesitate without organizational certainty. Communities will resist joining systems that lack the user protection. Builders may stop progressing for fear of future sanctions. The momentum depends on clear guidelines.
Now that Stablecoins has a legal framework, it should be the following DePin.
It’s time to support innovation in the real world
Congress and organizers have an opportunity to form the future of decentralized infrastructure. DePin Builders ready to cooperate. What is required now is a policy framework that supports transparency, innovation and user protection.
The genius law was a strong first step. It should not be the last. It is time to learn about the physical infrastructure promise that has been built and operated by the people who use it.
Debine here. It grows. It belongs to the organizational conversation.
Opinion
This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
